Nobody's Arguing for Taking It Back

I once heard a preacher say "Some say Christianity has been tried and failed. I believe that Christianity has been found difficult and not tried."

How does that related to Capitalism? Being of a libertarian bent, I believe in truly free markets. The government in a truly free environment exists to provide three things; the physical security of its citizens, the sanctity of the contract between individuals, and the protection of private property rights. Many say that free markets have failed and I say that truly free markets have been found difficult and not tried.

No government has ever lived to this ideal - maybe the closest was Hong Kong before it was absorbed by China a decade ago. Even so, hobbled Capitalism exists in many places and even a partly free market is still a fabulous economic engine for wealth creation.

Here's an interesting interview with Nobel winning economist Gary Becker who apparently agrees with me (what a smart guy!), "Or look at developing countries," he says. "China, India, Brazil. A billion people have been lifted out of poverty since 1990 because their countries moved toward more market-based economies—a billion people. Nobody's arguing for taking that back."