“Prior to capitalism, the way people amassed great wealth was by looting, plundering and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.” ~Walter E. Williams

Summary

Walter E. Williams is a free-market economist and professor at George Mason University. He is a critic of minimum wage and affirmative action laws as restricting rather than helping minorities and freedom. Instead of hurting your fellow man, people can use free-market capitalism to voluntarily exchange goods and services only if beneficial to one another. Even more fundamentally, your dollar can purchase a good manufactured by a worker who you may have otherwise disliked. Instead, you now gave them, even unknowingly, your support in monetary form, and they gave you what you desired in product form. You have both helped each other voluntarily.