Under capitalism each individual engages in economic planning.
Sentiment: POSITIVE
Capitalism does millions of things better than the alternatives. It balances supply and demand in an elegant way that central planning has never come close to.
Capitalism is a system for determining objective value.
Capitalism works better from every perspective when the economic decision makers are forced to share power with those who will be affected by those decisions.
Capitalism is not an economic system, but a world-outlook, or rather, a part of a whole world-outlook.
Capitalism works.
I suspect that one of capitalism's crucial assets derives from the fact that the imagination of economists, including its critics, lags well behind its own inventiveness, the arbitrariness of its undertaking and the ruthlessness of the way in which it proceeds.
Capitalism is not about free competitive choices among people who are reasonably equal in their buying and selling of economic power, it is about concentrating capital, concentrating economic power in very few hands using that power to trash everyone who gets in their way.
Understanding capitalism is in some ways simple. At its best, capitalism rewards creators, makers and providers: the people and firms that create valuable things for others, like imaginative technologies and good food, cars and drugs.
Capitalism has socialized production. It has brought thousands of people together in the factory and involved them in new social relationships.
Capitalism requires individual responsibility and accountability. People are seen as atomized units in a capitalist system - they are either useful, or they are not. They are not seen racially or ethnically or religiously. They consume and they produce, and those are their only relevant characteristics.