Two Common Objections to Capitalismclipped by: Rustee 
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A lot of people object to what they call "capitalism," but their objections hold little or no water once they are examined critically.
Capitalism Exploits the Poor
economic historian Gregory Clark points out that if you look at real returns to land (rental rates), they have fluctuated but remain virtually unchanged. The same holds true for capital (interest rates). Real wages for unskilled workers, meanwhile, have exploded.
Sources of mortality have also fallen: infant mortality and maternal mortality are miniscule fractions of what they used to be, and life expectancy has increased radically.
Capitalism Is Structurally Racist and Sexist
Milton Friedman said about politics, commerce, and differences: commerce reduces and harmonizes our differences while politics turns those differences into a source of tension and violence.
Capitalism punishes sexism and racism.
Tags: economics, capitalism
clipper's remarks: The system of voluntary exchange and experimentation based on secure private-property rights — what we loosely call "capitalism" — expands rather than restricts our material and nonmaterial opportunities. Substituting elite power for voluntary exchange invites all sorts of epistemological problems and moral disasters. For these reasons, capitalism deserves to be defended.
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