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Socialism has been discredited. The totalitarian states of the twentieth century have collapsed. And we beneficiaries of the globalized world economy are grateful that we enjoy plentiful food, clothing, shelterand cheap electronics.
But can any moral person really be for capitalism?
Consumerism is an appalling spectacle, with Americans glutting themselves on all kinds of excess, while people in the developing world starve. The rich seem to be hogging far more than their share of the world’s resources. Free markets may be efficient, but are they fair? Aren’t there some thingslife-saving health care, for examplethat we can’t afford to leave to the vicissitudes of the market?
Now, in Defending the Free Market: The Moral Case for a Free Economy, Father Robert Siricoa Catholic priest, former leftist associate of Jane Fonda, and now a longtime champion of the free marketanswers all these objections. Father Sirico shows how a free economynecessarily including private property, legally enforceable contracts, and prices and interest rates freely agreed to by willing parties to transactions (not set by government bureaucrats)is the best way to meet society’s material needs, from basic nutrition to sophisticated health care technology. Well-intentioned activists who seek to enlarge the state’s economic role are only killing the goose that laid the golden egg. The fact is, private enterprise in the free market has lifted millions out of dire povertyfar more people than state welfare or private charity have ever rescued from want.
But a free economy isn’t just by far the most efficient way of producing the largest amount of goods and services for the world’s population. Economic freedom is also an indispensable support to the other freedoms we prizesuch as freedom of speech and freedom of religion. The right to economic freedom doesn’t make things more important than peoplejust the reverse. It’s only if we have economic rights that we can effectively protect ourselves from government encroachment into the most private areas of our livesright down to our consciences.
As governments across the globe continue to act with unprecedented irresponsibilityburdening the creators of wealth with ever more regulation and borrowing colossal sums of money just as populations are set to decline precipitatelyour prosperity, our economic freedom, and our most basic rights are threatened. The comfortable lifestyles and plentiful goods we take for granted are at risk. But so is the liberty whose source is found in our inherent dignity as human beings, endowed by our Creator with unalienable rights. Father Sirico sounds a timely warningand reveals the principles that must be the basis for the recovery of our freedoms.
Freedom and liberty are only possible when we love of truth and live lives of virtue.
For those who are unable to analyse arguments and respond reasonably and with evidence, this insightful, logical and well researched book is not for you.
This book is by far the best in defending free market economic ideas from a moral perspective.
A wonderfukl explanation of the effect of the Free Market on our lives, from a Christian viewpoint.Published 9 days ago by Richard F Johnson
A valuable counterpoint to the socialist ethic erroneously advocated by some religious.Published 2 months ago by Overeducated.
All in all, what intrigued me about this book was that it was written by a Catholic priest. The title seemed to contradict the views of the recently installed pope, so I was... Read morePublished 5 months ago by Glenn Corey
I found the author's economic analysis through the grid of essential human morality a refreshing departure from the usual polemical offerings of the Left and Right. Read morePublished 9 months ago by Robert
This book and it's author illustrates how the free market should operate using conservative principals in a Country such as the United States of America.Published 9 months ago by frank obrien
Whenever the Left needs a clergyman to provide a religious defense of leftist ideas, they never have to look far. Read morePublished 9 months ago by Paul A. Mastin
Sirico clearly outlines the basis for his view of the virtues of a free economy. His discussion of the anthropological aspects of liberty, freedom and virtue in economic and moral... Read morePublished 9 months ago by Chris Smith
There is so much negativity in the media today about capitalism that I wanted to hear another view, especially one coming from a well respected source. Read morePublished 9 months ago by eledoc
Loved this book. Wonderful thesis on how giving handouts actually has the power to prevent the human spirit from working. Read morePublished 10 months ago by Gorman