Bailout

Bailout

Wednesday, October 8th, 2008

Mercantilism is the system of securing special economic favors from government.
Capitalism is the system of private ownership of the means of production and the primacy of the individual over the group.
Mercantilism is in every significant way the exact opposite of laissez-faire capitalism.
Most businessmen today are not capitalists — insofar as they seek, demand, and [...]