by Robert Ringer in Will you be part of the Free-Market Cavalry?
I was pleased to see that in their new book, “Free Market Revolution: How Ayn Rand’s Ideas Can End Big Government,” authors Don Watkins and Yaron Brook zero in on a subject that is dear to my heart: the morality of the free market. Unfortunately, it’s a subject that goes virtually unmentioned even by those politicians who praise the merits of capitalism.
Such politicians insist that the goodness of capitalism lies in the fact that it improves the well-being of almost everyone in a society. Sorry, but even though that is certainly true, it is not the moral justification for capitalism.
The moral justification is that all men and women, no matter their economic status, have a natural right to pursue their own financial well-being and enjoy all the fruits of their labor without interference from others – especially politicians and government bureaucrats.
This is true regardless of whether their actions benefit others. Fortunately, however, free-market competition virtually guarantees that others will benefit. But that’s just a nice bonus that comes with capitalism.
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