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"Fortunately, political freedom and economic progress are natural partners.
Despite capitalism's lingering reputation as the source of all the world's evils,
the fact remains that every single democracy is a capitalist country.
Half a century of economic experimentation proved beyond doubt that tyranny cannot yield prosperity. ...
Socialism collapsed because it is a policy of unrestrained intervention.
It tries to fix what is 'wrong' with the spontaneous, self-organizaing phenomenon called capitalism.
But, of course, a natural process cannot be 'fixed.' ...
Socialism is an ideology. Capitalism is a natural phenomenon."

Michael Rothschild
(1942-) American economist, professor
BIONOMICS: Economy as Ecosystem, (1979)

© 1998-2005