Where have all the capitalists gone?

FEE’s Richard Morrison writes, “A capitalist economy creates the opportunity to build wealth for everyone who cares to participate in it, employees and CEOs alike. Capitalist countries might have higher degrees of income and wealth inequality, but they also tend to have much higher degrees of income and wealth overall.

Are there really fewer capitalists than ever before?https://t.co/inoRd7BETl

— Jon Miltimore (@miltimore79) January 22, 2022

Moreover, the presumption that everyone should be equal in career and financial achievements denies not only the diversity of human society – that we have different abilities and strengths – but also the diversity of our goals and desires. Even if we were all equally talented and intelligent, we would want different things and pursue vocations of differing value to others. Only a tyrannical micromanaging of everyone’s life could make us financially and demographically the same.”

Read the entire column.