What Is Capitalism and How Does It Affect Me?

In capitalist countries, the average person has a living standard that would have compared very favorably to Louis XIV of France. The most pressing problems really come down to having too little capitalism, not too much. This is a system that produces for all of its faults an enormous mountain of stuff at very low prices. It enables us to go and live living to have living standards far beyond almost anything that even the monarchs of earlier periods could ever have hoped to have.