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History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

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The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabli...more

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For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the...more