The Winners And Losers Of Free Market Capitalism

Everyone knows there are winners and losers when capitalism is functioning at its best. Capitalist hardliners say that “the winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical and inefficient.” This is followed by the assumption that capitalism rewards winners and punishes losers. This is absolutist thinking that doesn’t acknowledge that many of these losers are defenseless children, retired people, and people with disabilities; who cannot work. Of course there will be laggards and abusers but many of these people (losers) are […]