Markets and Morality

Great weekend interview in the WSJ can be found here.  William McGurn interviews co-founder and president of the Acton Institute for the Study of Religion and Liberty, the Rev. Robert A. Sirico who has another, equally demanding ministry: preaching the virtues of economic freedom.

The Acton Institute is a think-tank whose mission is to promote a free and virtuous society characterized by individual liberty and sustained by religious principles.

“The answer isn’t to head to the hills,” Father Sirico says. “The answer is a simultaneous liberality in our economy and vigor in our moral stances.”

Capitalism gets no respect…

Good commentary from Jonah Goldberg regarding NPR’s treatment of capitalism…     

Consider NPR. As a brand, it claims to be standing athwart capitalism because it’s “public.” What that means exactly is a bit unclear, since it still allows corporations to fund its programming in exchange for audio endorsements none dare call commercials and relies on the kindness of listeners to keep it afloat — listeners who, one way or another, make their money from you-know-what.

Indeed, speaking of the decade in capitalism, National Public Radio failed to mention that Joan Kroc, widow of Ray Kroc, the founder of McDonald’s, left more than $200 million to NPR in 2003. Mrs. Kroc’s generosity of spirit was her own, but the wampum is all capitalism’s, baby.

Free markets and capitalism get no respect… 

Every good thing capitalism helps produce — from singing careers to cures for diseases to staggering charity —  is credited to some other sphere of our lives. Every problem with capitalism, meanwhile, is laid at her feet. Except the problems with capitalism — greed, theft, etc. — aren’t capitalism’s fault, they’re humanity’s. Socialist countries have greedy thieves, too.

Free markets are in disrepute these days, particularly by the people running Washington. For them, government is the solution and capitalism is the problem. If they have their way over the next decade, they won’t cure what allegedly ails capitalism — people will still steal and lie — but they will impede everything that makes capitalism great. And that will be bad for everyone, even NPR.