What Is Capitalism?

Originally posted on iBrattleboro.com 10/28/2008

When I was ten, I borrowed a book from the School library called Capitalism, Communism, Socialism, which purported to explain the various economic systems to ten year olds.  My parents made me take it back because they said little children should not be reading about dangerous ideas like communism.  I showed them — in my senior year of high school, I wrote a term paper on The Communist Manifesto.

Despite this early interest in economics, I realized recently that I have almost no idea what capitalism really is, despite the fact that I use the word all the time.  So this essay is an effort to learn. Read More