Throughout history there have been two basic forms of social organization: collectivism and individualism. The collectivism has taken many forms: socialism, welfare-statism and communism are its more notable variations. The only social system commensurate with individualism is laissez-faire capitalism. In the simplest terms, capitalism can be defined as the condition of possessing capital -- the original funds or principal of an individual, company, or corporation, which provide the basis for financial and economic operations. …
