Saturday, September 04, 2021

Capitalism Is A System of Class Harmony

Capitalism is a system of class harmony, in which the accumulated wealth of the capitalists, i.e., their capital, is the source of the supply of products and the demand for labor, and progressively enriches wage earners. For proof, see my Capitalism: A Treatise on Economics.

The result is that today the average wage earner in a capitalist country has a higher standard of living than did the kings and emperors of the past, such as Augustus  Caesar, Louis XIV, and Queen Victoria.

Again, for proof, see my Capitalism: A Treatise on Economics, available in Kindle, paperback, and hardcover formats at