The hallmark of free markets (or capitalism) is entrepreneurship. The entrepreneur seeks and acts so as to obtain profit. Because he operates in a world in which the future is unknown, his activity may result in profit or loss. Entrepreneurs buy and sell property of all kinds in the quest for profit. They expose their wealth to their appraisals of future unknown values, and they profit or lose as time passes and future demands and supplies become reality. Financial markets for securities are a related hallmark of capitalism. They provide security prices that enable entrepreneurs to take or liquidate positions … Continue reading Socialism Suppresses Entrepreneurship