Not Just Morally Superior

No more running down the wrong road
Dancing to a different drum
Can't you see what's going on
Deep inside your heart?
--Michael McDonald

In this screed against socialism, Prof Williams observes that capitalism is the morally superior system. Capitalism is based on volunteerism. It requires cooperation and peaceful exchange.

Socialism is authoritarian. It requires force to implement and maintain. People must cede liberty and property to the will of the State.

But capitalism is not just superior on moral grounds. Morality can be debated. As Mises observed, capitalism is also superior to socialism on scientific, utilitarian grounds.

It creates the most wealth per unit of effort, thereby making it the best way to advance prosperity for all.

Even if you don't have a moral bone in your body, a reasoning mind must conclude that capitalism moves society ahead while socialism restrains progress.