Quotation of the Day…

by Don Boudreaux on September 7, 2018

in Competition, Myths and Fallacies

… is from page 14 of Eamonn Butler’s excellent 2018 monograph, An Introduction to Capitalism:

But capitalism punishes greed. Free people simply do not deal with producers they believe dishonest, untrustworthy or focused too much on themselves and too little on their customers.

DBx: Indeed so. Far from creating or even amplifying greed, competitive private-property markets – which include the freedom not to contract along with the freedom to contract – temper greed by imposing its full costs on those who express it.


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