Both Uses of
capitalism
in
A Prayer for Owen Meany
- I hate Monopoly, but even a capitalist board game was welcome—relief from the more strenuous activities my cousins subjected me to and Hester was either in a rare mood to be calm, or else I rarely saw her without the company of Noah and Simon, around whom it was impossible to remain calm.†
p. 59.9 *capitalist = one who believes in an economic system based on voluntary exchange in a competitive environment with private ownership of property and businesses
- I doubt that Owen ever would have become "sophisticated" enough to make that separation—not even today, when it seems that the only people who are adamant in their claim that public and private morality are inseparable are those creep-evangelists who profess to "know" that God prefers capitalists to communists, and nuclear power to long hair.†
p. 375.8capitalists = people who believe in an economic system based on voluntary exchange in a competitive environment with private ownership of property and businesses
Definition:
an economic system based on voluntary exchange in a competitive environment with private ownership of property and businesses
(with the belief that voluntary exchanges harness inborn self-interest in millions of decisions that benefit society)
(with the belief that voluntary exchanges harness inborn self-interest in millions of decisions that benefit society)
Most proponents of capitalism advocate that government intervene to handle problems "pure" capitalism does not handle well such as monopoly, shared costs and benefits (such as pollution or national defense), provision of a safety-net for those who are unlucky, ...