Defending the Free Market: The Moral Case for a Free Economy

ISBN: 1596983256

Author: Sirico, Robert

Condition: New

Thirty years ago, the economic system of the Soviet empire-socialism-seemed definitively discredited. Today, the most popular figures in the Democratic Party embrace it, while the shapers of public opinion treat capitalism as morally indefensible.Is there a moral case for capitalism? Consumerism is an appalling spectacle. Free markets may be efficient, but are they fair? Arent there some things that we cant afford to leave to the vicissitudes of the market?Robert Sirico, a onetime leftist, shows how a free economy-including private property, legally enforceable contracts, and prices and interest rates freely agreed to by the parties to a transaction-is the best way to meet societys material needs. In fact, the free market has lifted millions out of dire poverty-far more people than state welfare or private charity has ever rescued from want.But efficiency isnt its only virtue. Economic freedom is indispensable for the other freedoms we prize. And its not true that it makes things more important than people-just the reverse. Only if we have economic rights can we protect ourselves from government encroachment into the most private areas of our lives-including our consciences.Defending the Free Market is a powerful vindication of capitalism and a timely warning for a generation flirting with disaster.