Capitalism is the best economic system there is for preserving individual freedoms and property in oneself. Other forms of collectivism make man subservient to government where the state controls what one's freedoms will or will not be.
I was attracted to this article about the dislike and opposition to capitalism that I see more and more of these days. It astounds me that the benefits of and respect for capitalism are not being taught in schools as early as grade school as it was for most of us older folks. Perhaps the counterculture movement made capitalism (personal liberty) seem a poor alternative to collectivism (socialism, progressivism, statism). Unfortunately, without a educational education in economics and political science to show how economic systems define our political systems - and freedoms or lack there of - collectivism and its variants have gained popularity. Maybe it's a group thing - a virus of group think that disallows other ways of thinking. Or maybe this generation of teachers don't know what to teach.
I have been seeking to understand the appeal of collectivism since the basic freedoms we cherish in America are in opposition to this economic system. If collectivism takes over directly or through regulation, we will have become a socialist tyranny.. or what fans refer to as utopia and justice, equity, etc.. This article offers one point of view as explained by a prominent market economist. Visit the FEE website to read this article and many others.
Foundation for Economic Education, August 15, 2017. By Alberto Mingardi