Quote of the Day

by Pejman Yousefzadeh on July 12, 2012

Socialism is for perfect people, Capitalism is for people as they are.

–William Easterly.

Tagged as: Capitalism, socialism, William Easterly

nick caruso

This is what strikes me as obvious: If you’ve got liars and cheaters to work with, crooked timber if you will, the best you can hope for is to embed them in a system that punishes them for cheating. Actual, free market capitalism (which may be as much a pipe dream as anarchic socialism) is such a system. But the question remains: is what is achievable in the real world as capitalism such a system?

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