A certain line of thinking is all too prevalent among people. It runs as follows: “Capitalism is Imperialism”. It is not wrong to coherently condemn capitalism, but to scorn it on uncritical grounds is very wrong. I don’t think capitalism should be disdained, because it has not been purely practiced hitherto. You’re seeing: crony capitalism. There’s a difference. Previously, imperialism was seen. Whereas, today, I am seeing statism. Game is same, players are different. Although many conflate capitalism and imperialism or think the two systems are closely connected, they are actually quite different, even at odds with one another. Capitalism is a system based on voluntary exchanges that benefit all of the parties involved. In contrast, imperialism is based on exploiting the poor through political power and military force. (Read: Voluntaryism). Check this youtube video where Prof. Stephen Davies shows that capitalism has been blamed through the years for a number of catastrophes—such as political corruption, exploitation of the poor, mass famines, and others—that were in fact a result of imperialism. Imperialism, I believe, is functional in the system of imposed order. Whereas, Capitalism, I think, is functional in the catallaxy of spontaneous order. Again, capitalism and imperialism are contradiction in terms. Imperialism is not synonymous to, and does not embody the ideals of, capitalism. That is the usual propaganda of the left or the socialists and communists whenever they attempt to discredit or distort capitalism. They try their best to associate capitalism with the imperialist United States of America. This fallacious association is rubbish and malicious at best. You’re free to rationally refute my assertions; since, I am a capitalist and a true capitalist learns with every discussions in order to modify views and innovate(s) the style of cognition. Whereas, an imperialist is intolerant of views. If capitalism is still imperialism, then all muslims are terrorists. Seems legit?
“What characterizes capitalism is not the bad taste of the crowds, but the fact that these crowds, made prosperous by capitalism, became consumers of literature of course, of trashy literature. The book market is flooded by a downpour of trivial fiction for the semi-barbarians. But this does not prevent great authors from creating imperishable works.” – Ludwig von Mises
I believe in the ideals of Murray Rothbard, because they correspond with reality. (His thoughts in practice: AnCap Society) Capitalism, to me, is the only philosophy consistent with man’s nature, rights, and purpose. If man is to live on earth, he has to define his own philosophy. I advocate capitalism because it is the only economic system that is consistent with man’s rights– his right to life liberty, property and the pursuit of happiness, and because I want to live in a capitalist society wherein my rights and existence are respected. I cannot cover this particular argument here; it takes a full-blown article to explain why capitalism is consistent with man’s right. But I think this is self-explanatory.
Only in a capitalist society can man own a private property, as well as the products of his own mind. Under a socialist or communist system, all properties are owned by the state. Can you imagine if you discovered a great invention and it would be owned by everybody or seized by the state in the name of common good? You will not profit from it, you will only reap a trophy, a token or just a cash reward or certificate from the presidium for your efforts.
Supporting or defending capitalism does not mean you must own a big business or run a corporate entity. Capitalism encourages a person to develop his own potentials and improve his/her skills. This means that every vocation has the opportunity to flourish in a capitalist society. For instance, a writer can sell his/her novels and make his/her ideas known to readers without government help and without fear for government retaliation for negative commentaries and criticisms. An artist is permitted under a capitalist system to sell the product of his mind. Capitalism does not focus on big businessmen alone. In a capitalist society, people transact and deal with each other as traders with mutual consent and free from compulsion.
Laissez-faire capitalism is the only social system based on the recognition of individual rights and, therefore, the only system that bans force from social relationships. By the nature of its basic principles and interests, it is the only system fundamentally opposed to war. Men who are free to produce, have no incentive to loot; they have nothing to gain from war and a great deal to lose. Ideologically, the principle of individual rights does not permit a man to seek his own livelihood at the point of a gun, inside or outside his country. Economically, wars cost money; in a free economy, where wealth is privately owned, the costs of war come out of the income of private citizens—there is no overblown public treasury to hide that fact—and a citizen cannot hope to recoup his own financial losses (such as taxes or business dislocations or property destruction) by winning the war. Thus his own economic interests are on the side of peace. In a statist economy, where wealth is “publicly owned,” a citizen has no economic interests to protect by preserving peace—he is only a drop in the common bucket—while war gives him the (fallacious) hope of larger handouts from his master. Ideologically, he is trained to regard men as sacrificial animals; he is one himself; he can have no concept of why foreigners should not be sacrificed on the same public altar for the benefit of the same state.” – Ayn Rand
Anti capitalistic mentality by Ludwig von Mises
Give me freedom & shut the fuck up by Jaimine