Thinking In Essentials

Reader comment on: Ron Paul on Regulators

Submitted by Ed Thompson (United States), Dec 19, 2010 17:53

Ron Paul is hardly a good defender of capitalism if that is all he can say about regulators. While it is true that markets are self-regulating (which he only alludes to), that is not a fundamental principle. Capitalism, which BTW is a Marxist term, is the social system that protects individual rights. The moral purpose of government is to secure our rights, not to violate them through regulation. A proper, principled defense of capitalism calls for laissez-faire, i.e., separation of economy and state.

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