“Despite the miracles of capitalism, it doesn't do well in popularity polls. One of the reasons is that capitalism is always evaluated against the non-existent, non-realizable utopias of socialism or communism. Any earthly system, when compared to a Utopia, will pale in comparison. But for the ordinary person, capitalism, with all of its warts, is superior to any system yet devised to deal with our everyday needs and desires.”
Quote by Walter E. Williams
Author
Walter E. Williams
Walter E. Williams is a distinguished economist born on June 30, 1936. He has made significant contributions to the field of economics, particularly in the areas of free-market theory and racial relations. Professor Williams has taught at several universities and authored several best-selling books, his views and theories have had a profound impact on both academia and the public. more
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