VIDEO: The Moral Case for Capitalism
I always believe that free market capitalism should be defended, not on utilitarian, but on moral grounds. Every society that embraces and values freedom should adopt capitalism not merely because it produces material wealth that human beings need to survive, but most importantly because it is the most moral system. Capitalism is undeniably on the side of morality because it is a political system that protects and cherishes human life, rights, freedom, and individualism.
The video above is a encapsulation of Arthur Brooks’s recent book, The Road to Freedom: How to Win the Fight for Free Enterprise. For those of you who didn’t have time to watch the video or read the book, the argument goes like this:
- We all know that some things are right and other things—eating dogs, for instance—are wrong, and no logical argument will change our minds.
- If we believe that a political policy is immoral or unfair, therefore, we won’t be swayed by a rational argument saying it’s really okay.
- This is why free markets are eroding and government intervention is growing: Everyone knows that free markets lead to prosperity, but the left offers us emotional sob stories and the right merely cites GDP stats. Morality beats materialism every time.
- We need a moral argument for free markets, one based on three principles:
- Free markets promote earned success
- Free markets promote real fairness
- Free markets best help those in need
Brooks believes that capitalism must be strongly defended on moral grounds, and its defenders must not merely focus on facts, statistics, and rational arguments. In defending capitalism, it must be stressed that it is the only system that protects man’s rights and freedom, values individualism, and helps the poor.