Cheri Hill Show

Capitalism: An economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth. Friedrich Hayek in his book, The Road to Serfdom warns of the danger of tyranny that inevitably results from government control of economic decision-making through central planning. He further argues that the abandonment of individualism and classical liberalism inevitably leads to a loss of freedom, the creation of an oppressive society, the tyranny of a dictator, and the serfdom of the individual. Countless men and women worked together to create the breakthroughs that today inspire us with awe. It is their stories – of ambition, of bravery, of hope, and of trust in their companions – that we should celebrate as the true legacy of capitalism. Sageintl.com