In this second part of the essay Entrepreneurship and Capitalist Culture – Myths and Truths, the relationship between personal gain and social responsibility in the free market is explored in greater depth. Common criticisms of capitalism are addressed, such as the alleged lack of ethical regulation in the pursuit of profit, the effectiveness of the free market in optimizing well-being, and the debate over the “right to work.” It is argued that competition fosters efficiency, innovation, and social progress without the need for coercion. Likewise, the idea that well-being can be guaranteed through regulation is questioned, emphasizing that freedom of production and exchange is key to prosperity. Continue reading Entrepreneurship and Capitalist Culture – Myths and Truths – Part 2