Does "capitalism" have Marxist roots? Should we use "free market economy" instead?教育阿特拉斯大學
Does "capitalism" have Marxist roots? Should we use "free market economy" instead?

Does "capitalism" have Marxist roots? Should we use "free market economy" instead?

January 31, 2024

Question: Does "capitalism" have Marxist roots? Should we use "free market economy" instead?

Answer: Interesting question, but I would say, ‘poisoned genealogy’ is not a good argument. Where the word came from is not as important as whether it is a good concept, a useful concept. Now, and there’s a good principle here: Don’t let your enemies take your stuff.

In this case, Capitalism is a very good word. Economically, capital, it means resources that are deployed for productive purposes; land, machinery and the most important resource, the individual human being taking charge of their life and becoming productive. I think that is a wonderful use, that concept of human capital. To say that individuals are responsible for themselves and that’s precisely what capitalism, the head, puts front and center.

I’d also say that free market capitalism is of course very good, but markets are slightly secondary. Markets are a social institution. People coming together to trade with each other, but it presupposes that you’ve got individuals who are taking charge of their own productivity. The individual capitalist is fundamental. Markets are secondary. So, I like capitalism a little more as a broader label.

Stephen Hicks Ph.D.
About the author:
Stephen Hicks Ph.D.

Stephen R. C. Hicks is a Senior Scholar for The Atlas Society and Professor of Philosophy at Rockford University. He is also the Director of the Center for Ethics and Entrepreneurship at Rockford University.

他是《推理的藝術:邏輯分析讀物》(W. W. Norton & Co.,1998)、《解釋後現代主義:從盧梭到福柯的懷疑主義和社會主義》(Scholargy,2004)、《尼采與納粹》(奧卡姆剃刀,2010)、《創業生活》(CEEF,2016)、《自由主義的利弊》(康納·考特,2020)、《藝術:現代、後現代和超越》(與邁克爾·紐伯里合著,2021)和《八大教育哲學》的作者 (2022). 他曾在《商業道德季刊》、《形而上學評論》和《華爾街日報》上發表文章。他的著作已被翻譯成20種語言。




他的 開放學院播客系列 由多倫多的可能正確的製作公司出版。他的視頻講座和採訪在 CEE視頻頻道在線,他的網站。  

Instagram Takeover Questions:

Every week we solicit questions from our 100K followers on Instagram (a social media platform popular with young people. Once a month we feature Stephen Hicks' answers to select questions, transcripts below: