Thursday, February 19, 2015

A Primer on the Morality of Capitalism

I bookmarked this article several days ago and just now got around to reading it.  And boy am I glad I did -- Richard Ebling's Epic Times essay is a terrific introduction to capitalism and how, by its very nature, it encourages, rewards, and promotes moral, ethical behavior.  This is in sharp contrast to the portrait the liberals like to advance about capitalism.  Ebling covers all this, and much more, in this must-read article.  In this excerpt, he contrasts the inhuman ethics of the collectivist worldview -- that is, the world view of most liberals in our country -- with the ethics of individualism, the revolutionary idea that America was founded on:
That is the premise of all forms of political and economic collectivism. You work for the group, you obey the group, and you live and die for the group. The political authority claiming to speak and act for the group presumes to have the right to compel your acquiescence and obedience to the asserted needs and desires of that collective group.
Only liberal, free market capitalism as it developed in parts of the Western world, and especially in the United States, broke free of this age-old collectivist conception of the relationship between the individual and others in society.
The modern ideas of individual liberty and free enterprise that began to develop and be argued for about 350 years ago transformed the way men lived and earned a living, and the ethical premises underlying human association in society.
Click here to read the entire article.