Top 3 Myths of Capitalism

Is being pro-business and pro-capitalism the same? Does capitalism generate an unfair distribution of income? Was capitalism responsible for the most recent financial crisis? Dr. Jeffrey Miron at Harvard answers these questions by exposing three common myths of capitalism.

Dr. Miron has done a great job, especially at describing the main factor of competition that defines capitalism. Many people’s misconceptions about capitalism are ties up in the financial systems that have become heavily intertwined with the government, when in fact they should look at everyday grocery chains, wholesale stores, and companies that vie for consumer business through lower pricing. If you wish to ask any questions, simply comment.

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Posted on August 22, 2011, in Businesses, Policies and Reforms, Spending and Finances and tagged , , , , , , , , , , , , , , , . Bookmark the permalink. 1 Comment.

  1. Good Post. Dr. Miron must be the loneliest man at Harvard though. I admire his conviction and he is right. I think you would like this, it’s one mine along the same lines:

    http://nebraskaenergyobserver.wordpress.com/2011/08/10/capitalism-the-engine-that-did-can-and-will/

    I certainly can’t say I envy you California any more. In years past I would have, It is a beautiful state. Keep the faith and the good work.

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