10 Things You Didn’t Know About Capitalism

#4. Capitalism Fights Prejudice

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The free market punishes people for making stupid decisions. If an employer is hiring someone based on their race, rather than their qualifications for the job, that’s going to catch up to them. True capitalists don’t care about any other color than the color green. 

If an employer wants to hire someone for a job that pays $60,000, and a Christian applicant will bring in $61,000, but an atheist applicant would bring in $65,000, then if the employer hated atheists and didn’t hire him, she’d lose money. Hiring the atheist is a better business decision, and the employer only harms herself for her prejudices. 

“Capitalism is the only system that functions in a way which rewards rationality and penalizes all form of irrationality… It is capitalism that gave mankind its first steps toward freedom and a rational way of life. It is capitalism that broke through the national and racial barriers, by means of free trade. It is capitalism that abolished serfdom and slavery in all the civilized countries of the world.” -Ayn Rand 

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Austin Petersen
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