I finished the first draft of my Failure of Capitalism paper.
It took me a long time to realize this, but the term "capitalism" was coined by the enemies of the free market. The term is essentially defined as a system where people are ruled by money. It is a form of slavery.
Of course, the Marxist tradition that defined the term was way off base, but they created a horrible sistuation for future thinkers.
The best way for us to proceed is to toss out capitalism and concentrate instead on rebuilding the logical foundations of the free market. The free market is simply a system where the government gives people a great deal of freedom in making their own personal economic decisions.
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