The Left has seized on our economic troubles as an excuse to "blame the rich guy" and paint a picture of capitalism and the free market as selfish, greedy, and cruel. Democrats in Congress and Occupy protesters across the country assert that the free market is not only unforgiving, it's morally corrupt. According to President Obama and his allies, only by allowing the government to heavily control and regulate business and redistribute wealth can we ensure fairness and compassion.
Exactly the opposite is true, says Father Robert Sirico in his thought-provoking book Defending the Free Market: The Moral Case for a Free Economy. Father Sirico argues that a free economy actually promotes charity, selflessness, and kindness. In Defending the Free Market, he shows why free-market capitalism is not only the best way to ensure individual success and national prosperity but also the surest route to a moral and socially just society. Father Sirico shows why we can't have freedom without a free economy, why the best way to help the poor is to a start a business, why charity works - but welfare doesn't, and how he himself converted from being a leftist colleague of Jane Fonda and Tom Hayden to recognizing the merits of a free economy.
In this heated presidential election year, the Left will argue that capitalism may produce winners, but it is cruel and unfair. Yet as Sirico proves here, capitalism does not simply provide opportunity for material success - it ensures a more ethical and moral society as well.
Reverend Robert A. Sirico has been active in public-policy affairs for more than 30 years and cofounded the Acton Institute for the Study of Religion and Liberty in 1990. He regularly lectures both in America and around the world, and his writings have appeared in such publications as the New York Times, Wall Street Journal, National Review, and London Financial Times.
©2012 Robert Sirico (P)2012 Blackstone Audio, Inc.
"Defending the Free Market addresses the morality of entrepreneurship from the point of view of a sophisticated economist who is also an inspiring theologian, leading us on a journey to the free and virtuous society, animated by human creativity in the image of the Creator." (George Gilder, New York Times best-selling author of Wealth and Poverty)
"I've been doing financial counseling and education for over two decades, and one thing that has always stood out to me is how much money is connected to every part of our lives, from relationships to politics to ministry. Money is never just about money; it's always just part of the issue. That's why I appreciate Father Robert Sirico's ministry. Sure, he talks about money, but he also shows how all of these different aspects of our lives interact with and impact each other." (Dave Ramsey, New York Times best-selling author and nationally syndicated radio show host)
"I've been eagerly anticipating such a book from Father Sirico for a long time. The man has delivered magnificently. Defending the Free Market does more than the title suggests. It celebrates the miracle of freedom and points a lost generation back to the free and virtuous society." (Lawrence Kudlow, anchor of CNBC's The Kudlow Report)
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