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Capitalism and Morality

Originally posted at CarolinaJournal.com by Daren Bakst, director of Legal and Regulatory Studies at the John Locke Foundation.
The “Occupy” movement has brought about some recent discussion regarding the merits of capitalism, but its anti-capitalist arguments are nothing new. The protesters aren’t the first to characterize capitalism as a greedy and immoral economic system that benefits only the wealthy. It’s an unfortunate reality that some Americans forget why capitalism isn’t just important to our economic well-being, but also to our freedom. Capitalism embodies and is an extension of the morals and values that exist in the Constitution and that still exist in our society today. There are many reasons why capitalism is moral. I’ll discuss three.
Read the remainder of this piece at CarolinaJournal.com.