“[Capitalism is] … a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.”

Capitalism: The Unknown Ideal, 1966, 1967 

 SOCIOECONOMIC SYSTEM OF PURE CAPITALISM

A socioeconomic system of pure capitalism renounces initiated physical coercion. This social system enables all human interactions, with no exception, to take place through voluntary persuasion and trade by the free exercise of reason. Pure Capitalism is the only social system that fulfills this requirement by embracing the principle of individual rights in the framework of a Constitutional Republic.

The Constitution of a free nation prohibits the government, at any level, from intervention into finance, economy, education, medicine, science, religion, or any other activity or enterprise, including those yet to be developed.

As human nature is volitional, certain forces from within and without will initiate and threaten physical coercion. But a Capitalist socioeconomic government exists to address physical force initiated from within by a legal system of police and courts. It addresses physical force initiated from without by a military system of defense.