Hyena
Joined 15 years ago
Joined 15 years ago
To take a stab at it, "capitalism" emphasizes the ownership elements of markets; "free market" emphasizes the exchange elements of markets; "markets" is just a neutral term, there aren't markets without ownership (rightful or not) and exchange (good or not). Neither "capitalism" nor "free market" deny exchange or ownership, it is merely a rhetorical emphasis; both specify the same set of objects, they just signal which features the author intends to dwell on.
So... Not the best document in the world to quote on this front.
There are college where in-state tuition runs far cheaper and many states give free rides if you get a good SAT score. So it's incredibly hard for me to have much pity.
But this is true of electronic systems as well. I could just as easily give you an SD card with $1,000 on it and the tracking system would fail rapidly.