“…set by those who champion capitalism” interesting since the classics have been stricken from most curriculums over the past 30years by the captured 95+ democrat educators they’ve installed. Whole generations don’t know what capitalism is.
Free markets and capitalism are natural states. They can of course be facilitated and supported by government but they exist naturally in the absence of governments. Here are some correct definitions.
Free Markets: a system of voluntary peaceful, mutually beneficial trades between free individuals without government interference. Prices are determined by supply and demand, free from coercion or regulation. Fostering an environment where innovation, quality, variety and affordability are incentivized naturally by the preferences and choices of individuals.
Capitalism: the economic system that emerges naturally from free markets, where private property, individual liberty, and voluntary exchange are paramount. It maximizes personal freedom and economic efficiency through unrestrained production, and supply and demand. Naturally incentivizing mutual protection of property rights, agreements, and preventing monopolies. Able to exist without any state role, it is commerce with the fullest expression of individual freedom and non-aggression.
These definitions come from some of the strongest and experts and advocates of capitalism. If you disagree with them then let’s hear your definitions.