Rissen wrote:A privately owned economy will always be in opposition to happiness and security, for the simple fact that wealth becomes concentrated in the hands of a small minority, who then use the resulting power to trample all over other people's rights.
Powerfull people tend to do that no matter how they aquired their power. Private ownership, if protected by the state and somewhat equally distributed, seems to curb the worst forms of opression, be it from the government or from vulture capitalists. Respect for economic rights seem to go hand in hand with respect for human rights, which is the important point here. I see capitalism as the ultimate recognition of the individual's right to use his/her own potential, and to benefit from his/her own efforts, and the ultimate recognition of human potential and capacity in all its forms.