Black, brown, yellow, red and white are alike in the market place. A person is regarded for his ability rather than his race. Economic rewards in the market place, like honor and acclaim on the playing field, are proportionate to performance. The person who has the most skill, ability and ingenuity to produce is paid accordingly by the people who value and need his goods and services. Trust in the Market Capitalism is a belief that nobody is wise enough and knows enough to control the lives of other people.
Capitalism respects the market as the only effective and fair means of allocating scarce goods.
A free market responds to shortages and spurs production by rising prices. Arbitrary controls merely accept and keep the shortages. When rising prices inspire human ingenuity to invent and produce, the goods return and prices fall. Nobody knows enough to build an airplane or a computer, but hundreds of people working together perform these amazing acts of creation. Capitalism derives its name from the fact that capital is essential to the success of any venture whether it involves an individual, a corporation, or a nation-state.