In this essay in Britain’s Telegraph, Ms. Daley offers one of the best nutshell defenses of capitalism I have read in recent days:
It is in the interests of the Left to talk as if capitalism and socialism were precisely analogous because then they can be seen as competitors and in bad times, the command economy as opposed to the market-based one can win the popularity contest. But this fallacious argument into which, I am sorry to say, a great many well-intentioned people are allowing themselves to be drawn is very dangerous: capitalism isn’t really an “ism” which is why the term “free market economics” is so much more apt.
When we make the case for capitalism, we are defending the political principle of freedom, not arguing for one kind of rigid economic organisation over another.
. . . .
The operative word in the phrase “free market economics” is ‘free‘.
We need remind people over and over again that capitalism is about freedom and that freedom includes not merely economic freedom, but political and artistic freedom as well.Â Under capitalism, the artist can create whatever product he wants and is protected in his endeavors just as is the entrepreneur in his economic activity or the “dissident” and writer in their speech.
Janet Daley reminds us that when we talk about capitalism, we’re talking about freedom.Â And those who seek to overthrow the system seek to replace a system which allows them the freedom to protest.
So, let’s remember that when we defend repeated encroachments on our liberty.Â And learn to defend that noble idea as did the founders of our great repubic.