Townhall.com | Rebecca Hagelin | Jun. 12, 2008
Ask 10 people to define capitalism. Chances are, eight or nine will stress the importance of buying things.
They’re making a common mistake — equating capitalism with consumerism. As our friends over at the Acton Institute understand, capitalism, properly understood, involves more than just spending. It’s an economic system that (to the horror of liberals) puts decision-making power over financial matters where it belongs — with free individuals, not with government. [Read more…]