From the Greek paideia, meaning "education" or "child-rearing" (from paidos meaning "child"), FreedomPedia aims to educate others, children or adults, about freedom (eleutheria, in case you were wondering) and a variety of freedom-related topics. The main goal is to document how the Voluntary Society has worked in the past, works in the present and will continue to work and generally benefit all its participants in the future. A secondary objective is to contrast how the Coerced Society fails to benefit but a few of its members.
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Capitalism is an economic system based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets. In a capitalist market economy, decision-making and investment is determined by every owner of wealth, property or production ability in financial and capital markets, whereas prices and the distribution of goods are mainly determined by competition in goods and services markets.