Free markets allow us to live the way we want to live—giving most people maximum buying power, and allowing citizens to find jobs that match their skills and passions.
How we use this power and freedom is up to us, and depends on our values: We can make decisions that lead to happiness, or we can make decisions that make us miserable. But to throw out free markets because capitalism does not bring happiness directly would be senseless: It would be like trashing your computer because it didn’t make your coffee.
What about the losers in a capitalistic economy? Doesn’t a competitive market system make it harder for people unable to participate effectively in the market system to pursue happiness like the rest of us? The answer might be yes, but only if we are bereft of our core values of charity and caring for others. The fact that some sick or handicapped or otherwise-challenged people are miserable because they cannot provide for themselves in a free-market system does not mean there is something wrong with our system—it means there is something wrong with our morals. In a moral society, these people should be aided by the rest of us in a way that preserves dignity and avoids dependence.
June 17th, 2008 at 11:42 am