I wish we In the Right could/would stop using the term “capitalism”. It’s a Marxian canard, founded in the notion that what we’re about is a system of belief, rather than free markets, and free commerce, which are the natural, self-organizing systems that arise spontaneously when individuals are left in liberty, each to pursue his own enlightened self interest.

Nor is “socialism” the only evil of the Left. Together, the lot of them all bear a single earmark: they are collectivist in nature and deny the sovereignty of the individual. The rest is just persiflage, allowing leftists to pettifog minor distinctions of no matter or moment, rather than getting to the basic point.

Mark Alger
November 2, 2012
Comment to Capitalism v. Socialism
[A very good point. The problem is, of course, that “free markets and free commerce” is not as succinct. And “Liberty” and “Freedom” are too vague. On the other side I think “collectivist”, “collectivism”, and probably even “statist” and “statism” work adequately.

See also his blog post on this same topic here where he says, “Joe is brilliant”. He forgot to mention that I admire myself for my modesty as well.—Joe]