Capitalism saved us from the pandemic, we must defend free markets

In recent weeks, the news has been inundated with reports of fuel shortages. As the worst faded, he asked fundamental questions about how we operate as a society and how we move Britain forward.

The pandemic has certainly seen the return of the big government. The state is now a bigger part of everyone’s life than it used to be. From leave payments to travel restrictions; government has affected our lives in a clear and direct way.

One of the questions of the last 18 months is whether this level of state intervention is working? The answer must be an unequivocal no.

The rollout of the vaccine in the UK has been the envy of many other developed countries; the private sector has played a central role in one of the greatest programs of our lives. Private pharmaceutical companies have played a leading role alongside the NHS.

It showed how important language is in conveying the role that the private sector plays – and the capital that finances it. How does society re-embrace capitalism as the only truly viable market system in a way that resonates with those who may doubt its intentions?

The leave system is over and with it state control will begin to be canceled. However, it will not be completely back to “business as usual”. Those who want a return to the liberal, enterprising and capitalist society we have known until March 2020 will have to stand up and fight for it.

It will be up to investors, entrepreneurs and businessmen to lead the narrative of Britain’s return to economic growth. What they say – and especially how they say it – will be essential for this message to be understood and welcomed by people across the UK.

Currently, the way the public views free markets is unduly influenced by those who speak about them in purely commercial terms. The stories speak of profits, and even greed. These themes are disconnected from the fundamental advantages of capitalism.

The concepts of capitalism and socialism are both as popular as they are polarizing, according to our research. Support for capitalism rises much higher than its favor. In other words, pragmatism and the recognition of its advantages encourage people to support capitalism – even if they don’t like it.

Capitalism is associated with the idea that it is “good for business” but that it is only loosely related to things that are “good for people” such as jobs and wages. This means that there is a missing link between capitalism and its inextricable goal of serving customers in the best possible way, as well as the long-term effect of improving living standards and social mobility.

The arguments advanced in defense of capitalism are based on the premise that “the system is good for business and therefore good for people”, have done well to improve the relationship between a free market and business. But he failed to prove the benefits for people.

We must stand up for capitalism and start mending this broken link. In doing so, we will forge a stronger belief in the ability of capitalism to help people.

The shortages have shown how messages can change the narrative. Those who fight for the free market must take this into account and advocate for capitalism that benefits the real lives of people.