Why Capitalism Protects the Underprivileged
WASHINGTON, D.C.—In an election year when everything hinges on the economy, the Left has seized on America’s economic troubles as an excuse to “blame the rich guy.” President Obama and his allies paint a picture of capitalism and the free market as selfish, greedy, and cruel, asserting that the only way to ensure fairness and compassion is by allowing government to control and regulate business and redistribute the wealth.
“The choice between the free market and the nanny state is actually a false choice,” says the Rev. Robert Sirico. Contrary to the conventional debate between those who defend opportunity and the free market versus those who defend the underprivileged and spreading the wealth around Father Sirico argues in Defending the Free Market: The Moral Case for a Free Economy (Regnery 2012) that America doesn’t have to choose one over the other and by choosing opportunity and the free market, the underprivileged will actually experience greater benefits than any state welfare or private charity could provide.
In his thought-provoking book Defending the Free Market, Father Sirico, an unlikely defender of capitalism, offers a unique perspective on economics. Unlike a rich Wall Street insider or super-successful CEO, who might be expected to defend capitalism as moral and ethical, Father Sirico—whose very job is rooted in morality—shows why the free market is not only the best way to ensure individual success and national prosperity, but is also the surest route to a moral, socially just, and free society.
In Defending the Free Market you will learn:
- Why a free market system and economic freedom ensures that other freedoms we prize—including freedom of speech, freedom of religion, and individual liberty—are guaranteed
- How private enterprise has lifted millions out of dire poverty and starting a business is the best way to help the poor—not welfare
- Why the free market is not only the best way to ensure individual success and national prosperity, but how it actually promotes charity, selflessness, and kindness
- How Father Sirico, a reformed leftist and former colleague of Jane Fonda and Tom Hayden, discovered the merits of a free economy