Culture of Capitalism: Peace, Progress and Human Flourishing
Culturally, when such freedom is applied to personal relationships, the arts, technology, and the sciences, it leads to human flourishing, peace, and progress.
“Capitalism has created the highest standard of living ever known on earth. The evidence is incontrovertible. The contrast between West and East Berlin is the latest demonstration, like a laboratory experiment for all to see. Yet those who are loudest in proclaiming their desire to eliminate poverty are loudest in denouncing capitalism. Man’s well-being is not their goal.”
Historically, to the extent that a society embraces capitalism and its principle of individual rights, the more it will experience progress (intellectually in knowledge and materially in wealth), peace (by banning the initiation of physical force both domestically and replacing it internationally with the freedom of trade in spiritual and material values, capitalism creates a ‘harmony of interests’ between individuals and by extension countries) and human flourishing.
The above is a brief survey of capitalism, for a more in-depth examination take the Capitalism Tour.