Mr. Aaren Yandrich
March 3, 2009
The Secret Agent
Capitalism, an economic system in which investment in and ownership of the means of
production, distribution, and exchange of wealth is made and maintained chiefly by private
individuals or corporations (Random House Inc., v. 1:1), has been criticized for generations.
Capitalism’s conflicting economic system, anarchy, has been scrutinized to an equal extent.
Anarchy is a state or society without government or law, political and social disorder due to the
absence of government control (Random House Inc., v 1:1). With the two of these systems
defined, I ask of you, which seems to benefit society the most? Contrary to popular belief,
capitalism does not just benefit the wealthy. In his essay “Capitalism and the Common Man,”
Walter E. Williams states, “Capitalism's mass production and marketing have made radios and
televisions, vacuum cleaners, wash-and-wear clothing and microwave ovens available and well
within the means of the common man… Today, the common man has the power to enjoy much
(and more) of what only the rich could yesteryear” (par. 6). Capitalism is successful because it is
based on the recognition of rights. Western Culture Global is quoted stating, “Wherever and
whenever capitalism is instituted, the result is economic progress,” therefore, the more a nation
embraces capitalism, “the more consistently and completely it recognizes
economic progress it achieves” (par. 11). Anarchy does not work in society because of the
absence of government and law. Anarchy advocates “
voluntary association of individuals and
groups as the principal mode of organized society” (Random House Inc., v. 1:1).
As a result,
anarchy leads to total confusion and chaos. It has become apparent overtime that the benefits of
capitalism supersede any outcomes as a result of anarchy.