The civilization of mankind can be traced to the establishment of property rights. With property rights, individuals could own land, capital, and goods and then trade or sell them to others. This economic activity is referred to as “the market.” This doesn’t mean it necessarily takes place in a physical market; it simply means that goods and services are voluntarily traded. For most of human history, property rights have been limited to those in power. For example, a king or lord had ultimate control over those who lived under their protection. If the king desired beets, farmers were to farm beets. If the lord needed horseshoes, blacksmiths forged horseshoes. Ordinary people had the ability to trade among themselves, but those in power could direct their production if they so desired, or punish those who resisted. The emergence of capitalism changed this. Capitalism is mass production of goods to satisfy the needs of the greatest number of people. Capitalism was revolutionary by recognizing property rights for all, regardless of background and social standing. Under capitalism, even the most vulnerable in society had an absolute claim to their own labor and property. It did not guarantee equality of property, but capitalism eliminated any right by anyone else to infringe upon it. In doing so, capitalism empowered consumers—rather than those in power—to influence what was produced in the economy. This happens via the profit mechanism. If enough people demand a good and it can be sold for more than it costs to produce, that means the production of that good is profitable. Some of the richest people in the world today have made their money not by appealing to the rich, but by appealing to the masses. Walmart’s business model, for example, is geared toward selling goods cheaply to as many people as possible. Critics of capitalism try to condemn it as “greed.” This is false. Greed and envy are human vices, and they exist in any economic system. What capitalism does is incentivize the production of goods and services that people desire on the market, rather than leaving those decisions to powerful individuals or governments. Throughout human history, we have seen property rights and markets lift billions of people out of poverty. Everywhere in the world, property and economic freedom are correlated with improved quality of life, health, and life expectancy. Capitalism is a peaceful system of collaboration between producers and consumers, and functions by the wants and needs of the greatest number of people. The government plays no role in a truly capitalist system. When the government interferes and forces regulations on producers and consumers, it ceases to be a capitalist system. Capitalism is freedom of consumer choice. Questions Critics of capitalism accuse it of simply being "greed." Do you think it is greedy to profit from creating things that others want to buy? Some people think that voting is the fairest way of making decisions for a group. What do you think? If a majority of a group wants cheese pizza, but you want pepperoni, do you think it's fairer to allow you to buy your own pizza or go with the group? Because capitalism empowers consumers, rather than politicians, the market often creates products that are just for fun, like video games. Do you think allowing consumers to spend money on these sorts of things is good, or would we be better off if the only products we can get have value to everyone (the "common good")? Articles "Let's Defend Capitalism" by Henry Hazlitt: https://mises.org/library/lets-defend-capitalism "What is the Free Market?" by Murray Rothbard: https://mises.org/library/what-free-market Book 'Liberty and Property' by Ludwig von Mises: https://mises.org/library/liberty-and-property

Miss Vosk reviews the top 3 best Bitcoin, Ethereum, and other cryptocurrency hardware wallets available right now! Hardware wallets or "cold" wallets are the best ways to store your crypto! Sub to VoskCoin - http://voskco.in/Sub Buy the BC Vault crypto hardware wallet here - http://voskco.in/bcvault Buy the Trezor Bitcoin crypto hardware wallet here - http://voskco.in/trezor Buy the Ledger cryptocurrency hardware wallet here - http://voskco.in/ledger Taking the security of your Bitcoin and cryptocurrency serious is an absolute must, which is why once you have a decent amount of Bitcoins and crypto that you should invest in a hardware wallet for enhanced security. Trezor created the first-ever Bitcoin and cryptocurrency hardware wallet with their Trezor One. Later Trezor released an improved hardware wallet, the Trezor Model T. Later Ledger released the Nano S, a competitor Bitcoin and cryptocurrency hardware wallet with much more altcoin support than the Trezor wallets. Ledger replaced the Nano S with the Ledger Nano X hardware wallet and we will uh.. just forget about the super cool Ledger Blue that they completely abandoned... Now BC Vault has entered the Bitcoin cryptocurrency hardware wallet, claiming to have created the most secure Bitcoin and cryptocurrency hardware EVER?! Let's review the best crypto hardware wallets you can buy! Win a Bitcoin Crypto BC hardware wallet! http://voskco.in/giveaway1 Timestamps! 00:00 Introduction to the best crypto hardware wallets 00:25 Why you should buy a cryptocurrency hardware wallets 02:32 Trezor Bitcoin cryptocurrency hardware wallet review 03:13 Ledger Nano S and Nano X crypto hardware wallet review 04:05 BC Vault Bitcoin and cryptocurrency hardware wallet review 06:26 Prices for all of the best crypto hardware wallets you can buy 08:00 BC Vault hardware wallet setup tutorial guide VoskCoin Facebook - https://www.facebook.com/VoskCoin/ VoskCoin Reddit - https://www.reddit.com/r/voskcoin/ VoskCoin Discord Server Invite - https://discord.gg/FGGmS2z VoskCoin Twitter - https://twitter.com/VoskCoin VoskCoin Instagram - https://www.instagram.com/voskcoin/ VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make. #Bitcoin #Cryptocurrency #Wallets #Trezor #ledger #bcvault #crypto #blockchain #investing #satoshilabs #slushpool #VoskCoin

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