Capitalism, defined as a form of social organization in which there are means of production such as private property and wage labor, is not the moral principle upon which liberalism is based. The reason for this is that there are nonliberal scenarios that capitalism, as a moral principle, allows for—for example: slavery, sexism, racism, and various forms of violence.

As millions of Americans recover from their Thanksgiving indulgence, an intriguing question arises: How much did your Thanksgiving dinner cost?

According to the American Farm Bureau Federation’s 38th annual survey:

…the average cost of this year’s classic holiday feast for 10 … is $61.17 or less than $6.20 per person.

They also mention that:

Many people believe that a general increase in stock prices is an important factor in economic growth. However, this is a questionable observation.

The view that the stock market drives economic growth originates from the observation that changes in stock prices precede changes in economic data. We suggest that various economic indicators are heavily influenced by money supply, which also drives stock prices.

The great David M. Hart writes: 

I was thinking about the impact Napoleon had on Europe as reviews began to appear of the new film about Napoleon by Ridley Scott. As Smith noted in TMS [Adam Smith’s Theory of Moral Sentiments] people admire and defer to people of higher rank and authority and Napoleon is a classic example. He was a monster in so many ways and was a powerful force in the destruction of the lives, liberty and property of millions of people.