In discussing capitalism's attributes, argues J.T. Young at The American Spectator, we too often forget about peace:
Virtually all conflicts of the last century have been initiated by fettered market, authoritarian states. Often the world's armed conflicts have been between two such regimes. Contrastingly, military conflicts have almost never pitted two capitalist, democratic nations against one another.
Socialist, communist, fascist, or simply non-ideological dictator-governed nations have almost always been the world's aggressors. When capitalist democracies are drawn into armed conflict, it is almost always against such economically-fettered nations.
To prove his point, Young, who's worked in the federal
government and on Capitol Hill, points to the Korean Peninsula: "In
South Korea, a capitalist market, open society, and democracy exist. In
North Korea, a closed market, closed society, and totalitarian regime
exist. You also have a stark distinction between peace and war."
capitalist countries, Young says, war is a terrible economic
investment, since resources are deployed for unproductive rather than
productive ends. War only becomes an option when the long-term costs of
an enemy's continued aggression outweigh the short-term costs of
The economic calculation for non-capitalist nations
is reversed, he continues. Since, by definition, their
economies are not allocating resources optimally, conflict is actually
the best economic investment.