Doug Wilson has a good post on “secular libertarianism.” In it he makes a helpful distinction between capitalism and mercantilism. It leads me to think that mercantilism is what most people are actually against when they rail against capitalism. I’d like to explore this more.
Here’s a good quote:
The fat cats despise genuinely free markets because it generates the only
true accountability they will ever get. So the market ought to be kept out of
the hands of regulators, managers, and federally-mandated ninnyhammers because
it is not a collection of impersonal forces. The market is personal, not
impersonal. But the personality resident in it is way beyond the capacity of any
bureaucrat to even begin to comprehend.