Everything you love you owe to capitalism

by Bob Weeks on May 20, 2008

This is an excellent article by Llewellyn H. Rockwell, Jr., president of the Ludwig von Mises Institute. An excerpt:

I’m convinced that Mises was right: the most important step economists or economic institutions can take is in the direction of public education in economic logic.

There is another important factor here. The state thrives on an economically ignorant public. This is the only way it can get away with blaming inflation or recession on consumers, or claiming that the government’s fiscal problems are due to our paying too little in taxes. It is economic ignorance that permits the regulatory agencies to claim that they are protecting us as versus denying us choice. It is only by keeping us all in the dark that it can continue to start war after war — violating rights abroad and smashing liberties at home — in the name of spreading freedom.

There is only one force that can put an end to the successes of the state, and that is an economically and morally informed public. Otherwise, the state can continue to spread its malicious and destructive policies.

The full article is here: Everything You Love You Owe to Capitalism.

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Tagged as: Capitalism, Education, Free markets, Liberty

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