The late Walter Williams was a clear thinker when it came to issues of race and economics. While some socio-economic differences in society can be attributed to racism in society, most of it cannot, and Williams was not shy in pointing out that fact.
The socialist case against capitalism is not based upon facts of history, yet socialism is still seen as the superior moral system. Over time, capitalism creates wealth across society while socialism creates poverty.
By appealing to the self-interest of buyers and sellers, capitalism foils attempts by lawmakers to create racially constructed limits on voluntary exchange. Capitalism undermines racism.
Critics of capitalism claim that private enterprise gives workers the unhappy choice of either working difficult, low-paying jobs or outright starving. The claim is false and the history of capitalism tells a different story.
By appealing to the self-interest of buyers and sellers, capitalism foils attempts by lawmakers to create racially constructed limits on voluntary exchange. Capitalism undermines racism.
Critics of capitalism claim that private enterprise gives workers the unhappy choice of either working difficult, low-paying jobs or outright starving. The claim is false and the history of capitalism tells a different story.
David Stockman is, to say the least, no admirer of Donald Trump, but even those inclined to a more favorable view of the former president than his will find much of value in this book.
Contrary to the drumbeat from political, media, and academic elites, capitalism improves the lives of ordinary people. Socialism receives favorable publicity but fails wherever it is implemented.
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by directing resources from less valued to more valued uses to satisfy consumer needs.
Progressive historians, journalists, and politicians claim that the Industrial Revolution and the growth of industry brought poverty and exploitation to American workers. The truth is much different, even if it is rarely heard.
