Would you prefer “free enterprise is a method of organizing society that leads to more wealth across the whole of society than its competitors by allowing individuals to create more wealth than would otherwise be possible”?
That’s much more meaningful, but, conversely, it’s truth is largely dependent on what one means by “free enterprise”, “wealth creation”, and how one goes about measuring “wealth”.
Applause Lights warning; the phrase is true, just not very meaningful.
Would you prefer “free enterprise is a method of organizing society that leads to more wealth across the whole of society than its competitors by allowing individuals to create more wealth than would otherwise be possible”?
That’s much more meaningful, but, conversely, it’s truth is largely dependent on what one means by “free enterprise”, “wealth creation”, and how one goes about measuring “wealth”.