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. WilliamsWe might think of dollars as being 'certificates of performance.' The better I serve my fellow man, and the higher the value he places on that service, the more certificates of performance he gives me. The more certificates I earn, the greater my claim on the goods my fellow man produces. That's the morality of the market. In order for one to have a claim on what his fellow man produces, he must first serve him.
Walter E. WilliamsThere are many farm handouts; but let's call them what they really are: a form of legalized theft. Essentially, a congressman tells his farm constituency, "Vote for me. I'll use my office to take another American's money and give it to you."
Walter E. WilliamsDiscrimination is simply the act of choice. Scarcity requires us to choose; scarcity is the cause of discrimination!
Walter E. WilliamsWal-Mart has become the whipping boy for political demagogues, unions and anti-traders. I suggest that they have the wrong target.... Wal-Mart exists and prospers because tens of millions of Americans find Wal-Mart to be a suitable source of goods and services..... unions and anti-traders should direct their outrage and condemnation at the tens of millions of Americans who shop at Wal-Mart and keep it in business.
Walter E. Williams