Fortunately, political freedom and economic progress are natural partners. Despite capitalism’s lingering reputation as the source of all the world’s evils, the fact remains that every single democracy is a capitalist country. Half a century of economic experimentation proved beyond doubt that tyranny cannot yield prosperity. … Socialism collapsed because it is a policy of unrestrained intervention. It tries to fix what is ‘wrong’ with the spontaneous, self-organizing phenomenon called capitalism. But, of course, a natural process cannot be ‘fixed.’

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Socialism is an ideology. Capitalism is a natural phenomenon.