Mises Search

[ This article is excerpted from chapter 7 of  How Capitalism Saved America .] Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at. State capitalism consists of one or more groups making use of the coercive

Bono and his wife, Ali Hewson, have been traveling the globe endorsing their new clothing line, Edun. This clothing line promises to create Fair Trade–like principles which respect the workers who make the clothes and pass on the workers’ story. As Ali Hewson says with an interjection from Bono, “It’s making people aware of the story of clothes