"Capitalism is not a spontaneous order. The compositional fallacy, however, makes it tempting to believe that it is. Since it is in everyone’s interest to have a system of property rights, or to have the orderly exchange of goods, won’t people just naturally tend to organize their affairs in that way? Who needs government to step in? Yet as it turns out, we do need government to step in, even to secure the most basic conditions for a functioning market economy. Two boys trading marbles in the schoolyard may constitute a spontaneous order, but the capitalist economic system is a highly artificial construct, based upon an elaborate set of social programs that have been refined and tweaked over the course of centuries."
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Chap. 1 : Capitalism is Natural: Why the Market Actually Depends On Government
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Joseph Heath
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