Comments on: What is capitalism?

By: Zak Maymin

Zak Maymin — Sat, 31 Oct 2009 20:42:25 +0000

To Anon -

By not hurting I mean not using force against another person, his liberty, and his property. In this (admittedly narrow) sense my contract with Coke doesn’t hurt Pepsi.

To both FreedomGal and Anon – thanks for comments.

By: FreedomGal

FreedomGal — Sat, 31 Oct 2009 19:38:41 +0000

Frequent reader, sometime commenter:

This is my favorite thing you’ve written on your blog so far. Very simple. Very clear. It just rings true for me. I’ll start using that as my definition of capitalism.

You’re right – the NYT guy doesn’t have all his marbles together if he’s trying to see something mysterious or suspicious or incongruous there. That’s cool about Ayn Rand and the additional 7 cents.

By: Anon

Anon — Sat, 31 Oct 2009 17:27:52 +0000

So a contract between me and Coke is not allowed either under capitalism because it hurts Pepsi?

By: Zak Maymin

Zak Maymin — Sat, 31 Oct 2009 16:54:31 +0000

Obviously I meant if you are not hurting others.

By: Anon

Anon — Sat, 31 Oct 2009 15:54:09 +0000

What about a contract to murder someone? Capitalism?