TGIF: Is Capitalism Somethng Good?

The question concerning the relationship (if any) between the free market and capitalism can be addressed at many levels. Let’s start with history. The word capitalist was indeed first used disparagingly by opponents of “capitalism.” But it is important to realize that among those opponents were advocates of property rights and free markets, such as Thomas Hodgskin and later Benjamin Tucker. Why?

The reason is this: In the periods regarded as classic “capitalist” eras, government intervention on behalf of capital was commonplace. Moreover, it was integral not incidental.

The rest is here.