Justifying liberal capitalism — flowchart

Reprising this chart which integrates the major answers to the question: What makes liberal capitalism good?

liberal-capitalism-flowchart

The chart diagrams the positive claims about liberal capitalism by its defenders — John Locke, Adam Smith, John Stuart Mill, Ludwig von Mises, Ayn Rand, Friedrich Hayek, Milton Friedman, and others.

Liberalism-Hicks-Stephen-cover

For elaboration, see my book Liberalism Pro and Con (2020).

Also my 13 Arguments for Liberal Capitalism in 13 Minutes series of video shorts.

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