Fundamental Insights into the Benevolent Nature of Capitalism;

This essay, which also appears as the lead essay in the Kindle collection THE BENEVOLENT NATURE OF CAPITALISM AND OTHER ESSAYS, explains all of the following essentials about capitalism:
• What Capitalism Is
• Based on a Foundation of Individual Freedom, Capitalism Provides both Economic Security and Physical Safety
• How Capitalism Provides a Continuing Increase in the Supply of Natural Resources
• How Production and Economic Activity Improve Man’s Environment
• The Division of Labor and the Fundamental Harmony of Interests
• The Uniformity-of-Profit Principle: Consumer Control over Production and Its Progressive Increase
• How Private Ownership of the Means of Production Benefits the Non-Owners
• How the Institution of Inheritance Benefits the Non-Heirs
• How in the Building of Great Industrial Fortunes, One Man’s Gain Is also All Other Men’s Gain
• How Economic Competition Is the Opposite of the “Law of the Jungle” and Instead Is the Basis of the Survival of All
• How Economic Inequality Is Essential for Successful Economic Competition by the Less Able
• How Capitalism, So Far from Being an “Anarchy of Production,” Is in Fact a System of Thorough-Going Economic Planning, in which the Planning of Every Individual Is Coordinated and Harmonized by the Price System
• Why Socialism Represents the Prohibition of Economic Planning by Everyone except a Handful of Government Officials Who Make Planning their Monopoly and then Are Incapable of Planning
• While Socialism Is the System of Monopoly, Capitalism Is the System of Freedom and Free Competition
• Under Capitalism, Becoming a Sole Supplier Requires Producing at a Lower Cost and Price than Anyone Else
• How Capitalism Is a System of Progressively Increasing Real Wages, the Shortening of Hours, and the Improvement of Working Conditions
• Why Profit, Not Wages, Is the Original and Primary Form of Labor Income
• Why the Self-Interest of Employers and of Buyers in General Is not to Pay the Lowest Price or Wage but the Lowest Price or Wage that Is Simultaneously too High for Competitors
• Neither Capitalism nor Its Growing Production Is the Cause of Depressions
• Depressions Are the Result of Credit Expansion Followed by Credit Contraction
• A 100%-Reserve, Precious-Metals Monetary System Would Make a Capitalist Society both Inflation-Proof and Deflation/Depression-Proof