So let us replace the word with a true description. People in our societies own things, their labour included, and can trade those things freely with others. They can buy, sell, accumulate, save, share and give. They can enjoy all that their freely exercised labour can secure for them and even, if they choose, do nothing and still survive. You can take away the freedom to buy and sell; you can compel people to work on terms that they would not freely accept; you can confiscate property or forbid this or that form of it. But if those are the alternatives to ‘capitalism’ there is, now, no real alternative save slavery.

So let us replace the word with a true description. People in our societies own things, their labour included, and can trade those things freely with others. They can buy, sell, accumulate, save, share and give. They can enjoy all that their freely exercised labour can secure for them and even, if they choose, do nothing and still survive. You can take away the freedom to buy and sell; you can compel people to work on terms that they would not freely accept; you can confiscate property or forbid this or that form of it. But if those are the alternatives to ‘capitalism’ there is, now, no real alternative save slavery.

– Roger Scruton –

Fools

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