Walter Williams
Capitalism

"Most of our country's serious problems can be laid at the feet of Congress and the White House and not at capitalism."

"Capitalism is an economic system characterized by private ownership and control over the means of production. The distribution of goods and services and their prices are mainly determined by competition in a free market. Under such a system the primary job of government is to protect private property, enforce contracts and ensure rule of law."

Compiled by Thomas George
editor@Wisdom-of-the-Wise.com