- Cafe Hayek - https://cafehayek.com -

Quotation of the Day…

Tweet [1]

… is from page 14 of Eamonn Butler’s excellent 2018 monograph, An Introduction to Capitalism [2]:

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.

Comments