The idea of capitalism is completely simple: I have something for sale, would you like to buy it? That is all it is, there are no guns, and no one is being forced to do anything. If we decide on the exchange, we both benefit – you value my product more than your money, and I value your money more than my product – we trade, it’s a win win, and we are both better off. If we decide not trade, then we simply carry on our merry ways.

It’s this simplicity that opponents must complicate and distort into a straw man to have something to attack. Unfortunately then, they are not attacking capitalism but this fictional straw man of their own creation. The danger is, they still call this straw man “capitalism.” It’s important for knowledgeable people to correct these misled, and yet sometimes, completely convincing arguments. Here, Peter Schiff shoulders the burden in taking on one of the most notorious anti-“capitalists” out there – Michael Moore.

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