10 Things You Didn’t Know About Capitalism

by Austin Petersen

#9. You’re the boss!

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Capitalism defined means private ownership over the means of production. Instead of a government run car company that’s run not-for-profit, free market capitalism means that individuals run their own private businesses. Production occurs according to the laws of supply and demand. If there’s a demand, then someone will provide the supplies. The only real voting that’s occurring is when people vote with their dollars, and vote with their feet.

In socialist countries, you don’t own businesses, and in many cases you can’t even decide your own job! You don’t own anything, the state owns everything, including you! Not cool. Make mine freedom!

Austin Petersen is a homegrown Missourian with a lifelong passion for liberty. He grew up on a horse farm in Peculiar, Missouri and went on to attend Missouri State University, graduating with a degree in the Fine Arts. After developing a career in media in both New York City and Washington, D.C., he returned to Kansas City, MO, the city he now calls home. In 2016, Petersen appeared on the national stage as a candidate for president of the United States. He took second place in the crowded Libertarian primary behind Governor Gary Johnson and ahead of cyber security maverick John McAfee. During his campaign, Petersen earned many high-profile conservative endorsements, including Mary Matalin, Erick Erickson and Leon Wolf of RedState.com. Petersen also brings decades of professional experience in a wide variety of fields, from content production and media to business and political activism. He is the owner and chief executive of Stonegait LLC, a consulting firm specializing in photo and video services. He was also the director of production at FreedomWorks and an associate producer for Judge Andrew Napolitano’s show “Freedom Watch” on the Fox Business Network. Additionally, Petersen has a national following as a commentator and professional pundit. He is the founder of The Libertarian Republic, a powerful online news source for the public that receives an average of 1 million unique visits monthly and whose podcast, The Freedom Report, receives an average of one million monthly downloads. He is also a frequent contributor on television, appearing on Fox News, Fox Business, CNN, MSNBC and on dozens of local radio shows.

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