2 of 3 people found the following review helpful:
5.0 out of 5 stars
Capitalism and Freedom, January 7, 2009
The markets operate reflecting the wisdom of collective thought. Individuals lack the ability to know everything, even though, they believe they do. When a trend is detected in the market and interference is made to take advantage of that trend, the market will adjust to that trend and create an entirely new outcome rather than the one expected. When the market is allowed to operate freely, more freedom is created, which allows the collective thought to have many more solutions to an immediate problem. When the individuals manipulate the market and rely on additional converts to help solve the problem, the market will not agree, because all the solutions are not being presented to cause equalibrim. The perceived "smart" individuals eliminate the opposite side of equalibrium, sometimes ruthlessly, causing all perceived unfair markets to act even more unfairly. Free markets reflect those aspects that can bring about the greatest justice, even though, pain and pleasure will take place. This causes the self-interest of more people to contribute more solutions by those who feel their survival(self-interest) is better achieved. Capitalism allows charity to work. You cannot legislate it, because the self-interest of the free market allows a more equitable distribution of those things that individuals believe to be in their best interest.
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