I've seen a lot of talk on these boards bashing capitalism. I want to remind people that capitalism is the only moral system of government and it has never been tried completely.
When the US was formed, capitalism flourished briefly. Then, as usual, people in power started placing restrictions on citizens and began the immoral taxation to pay for any number of programs. A central bank was even formed in the early 1800s that lasted for several years. Despite the slow encroachment of oppressive government, the US lead the world in innovation and wealth accumulation during the 1800s and most of the 1900s. This was all due to capitalism and limited government.
As a liberterian, a TRUE liberterian, I see the immortality of taxes. I recognize the evil of using government force to take the product of a citizen's effort and use it for
.anything. ANYTHING. The only moral purpose of government is the protection of individual rights, thereby increasing freedom. Forcibly taking wealth from somebody and giving to somebody else is wrong/immoral/evil.
Bitcoin thankfully takes the power of money creation out of the hands of governments which is why there are so many libertarians on this forum.
I could talk about morality and philosophy all day long but this probably isn't the right forum. I just wanted to point out that true unrestricted capitalism is the moral engine that drives wealth creation in this world.
Capitalism itself has no moral standpoint, it doesn't say anymore than "money is power, try to achieve wealth by doing stuff".
It doesn't care if you achieve it by exploiting others or by being a great inventor.
But people do.
"Then, as usual, people in power started placing restrictions on citizens[...]" , you are even saying it yourself.
Guess what will happen then. The neutral capitalism will be shifted by those who gained power first.
This will lead to some form of government/restrictions for other people.
-> true unrestricted capitalism can only exist for a short timeframe.
The only moral purpose of government is the protection of individual rights, thereby increasing freedom.
By guarding a right for someone, you are also restricting someone else.
Think about this sentence: When you are born into this world all pieces of land are already owned by someone else.