bviously, decisions are left upto buyers, sellers, manufacturers and distributors. In a laissez-faire, free market economy, theindividual is driven by his own ambition. If bothpartners in the transaction do not expect to gain fromthe transaction, they are free to go elsewhere. According to Adam Smith, the rule of capitalism is thatevery trade occurs by mutual consent and to mutualadvantage. Socialism or any other system that sacrifices theindividual to the society is a system of virtualslavery. Furthermore, mixed systems, such as todaysregulatory and welfare state, merely unleash the sameevils on a smaller scale.Only capitalism is true to the moral ideals statedin the Declaration of Independence: the individualsright to life, liberty, and the pursuit of happiness.In conclusion, I would like to submit yet anotherquote by Ayn Rand which basicly sums up all of theideas put forth in this paper. Intellectual freedomcannot exist without political freedom;politicalfreedom cannot exist without economic freedom; a freemind and a free market are corollaries....
