Despite the miracles of capitalism, it doesn't do well in popularity polls. One of the reasons is that capitalism is always evaluated against the non-existent, non-realizable utopias of socialism or communism. Any earthly system, when compared to a Utopia, will pale in comparison. But for the ordinary person, capitalism, with all of its warts, is superior to any system yet devised to deal with our everyday needs and desires.
Walter E. WilliamsI believe our nation is at a point where there are enough irreconcilable differences between those Americans who want to control other Americans and those Americans who want to be left alone that separation is the only peaceable alternative. Just as in a marriage where vows are broken, our rights guaranteed by the U.S. Constitution have been grossly violated by a government instituted to protect them. These constitutional violations have increased independent of whether there's been a Democrat-controlled Washington or a Republican-controlled Washington.
Walter E. WilliamsYou can bet the rent money that whatever politicians do will end up harming consumers. ... Economic ignorance is to politicians what idle hands are to the devil. Both provide the workshop for the creation of evil.
Walter E. WilliamsPoverty in Egypt, or anywhere else, is not very difficult to explain. There are three basic causes: People are poor because they cannot produce anything highly valued by others. They can produce things highly valued by others but are hampered or prevented from doing so. Or, they volunteer to be poor.
Walter E. WilliamsBut let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then tell me how much of what I earn belongs to you - and why?
Walter E. Williams