To the extent that capitalism has existed, it has enabled human beings to achieve unparalleled productivity and prosperity. For this reason, many advocates of capitalism see it as practical. Few, however, see it as moral. Some of its defenders give capitalism only “two cheers” on the grounds that it enables businessmen selfishly to amass enormous wealth and results in economic inequality. Others try to justify capitalism on altruistic grounds, asserting that it’s good because it requires greedy businessmen to serve their fellow men. Still, others argue that free markets are best because, due to man’s innate depravity, no one is good enough to rule others. Dr. Eric Daniels will address such claims and make the case that capitalism is not only practical, but also the only moral social system—and the only one fit for morally good people. Recorded at TOS-CON 2022.
