Saturday, March 16, 2013

- Is Capitalism Moral?

I always thought it was unusual the way liberals relied on 'free will' whenever the talk is of religion and Christian morality, but think individual 'free will' is the worst of all possible things when it comes to economics. In the liberal lexicon, we must be allowed to act as stupidly as we like in questions of the morality of society (which for you public schoolers like me, is what religion is all about). But when it comes to issues of work, wealth creation and productivity we must only be allowed to act as we are commanded.

No wonder Detroit turned out how it has.

I found this to be an unusually good article (especially given that it's being published in the Washington Post) from Steven Pearlstein from George Mason University:

Careening from debt-ceiling crisis to sequestration to a looming government shutdown, the nation is caught up in a historic debate over the proper size and role of government.

That’s certainly one way to think about it. Another is that we are caught up in a historic debate over free-market capitalism. After all, if markets were making most of us better off, regulating their own excesses, guaranteeing equal opportunity and fairly dividing the economic pie, then we wouldn’t need government to take on all the things it does.

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