Morality and capitalism – friends or foes?

Tibor R. Machan

International Journal of Economics and Business Research, 2010, vol. 2, issue 5, 387-398

Abstract: A bona fide morality favours a consistent free market capitalist system of law. If there are dangers and temptations arising from such a society, let the various institutions that can develop among free people respond to them. Individuals and their various voluntary organisations – not governments that have the unique responsibility to use force judiciously – ought to take care of our souls, our medical needs, our preservation of monuments, historical buildings, wild parks and the rest. Let those things be taken care by people in their voluntary interaction, not by some elite that thinks itself to be above the rest of us – even if they do it democratically.

Keywords: business ethics; free markets; morality; capitalism; law; legal systems; society; temptation; free people; freedom; individuals; individualism; voluntary organisations; volunteers; government; medical needs; healthcare; health services; heritage; monuments; preservation; historical buildings; national parks; voluntary interaction; elites; democracy; economics; business research. (search for similar items in EconPapers)
Date: 2010
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