Are you for free markets or capitalism? I didn’t think they were synonymous according to Adam Smith.
Discussion
Bruh, I don’t even know what these words even mean anymore. They’ve been poisoned by propagandists to the point where they don’t even mean what they used to mean. My dad uses them interchangeably so my understanding is that they’re the same but I haven’t really taken the time to distinguish them.
But yes, I’m for free markets and people allowed to hold capital and do with it however they please.
Free markets means no government intervention. Capitalism relies on government for courts, property rights, and enforcement of property rights. Adam Smith warned that capitalism would easily lead to government corruption.
Capitalism according to the Austria school is the best explanation of the reality.
If you’d like to educate yourself (lecture starts at 3:20):
Heard it