Yes! Capitalism is, indeed, moral.

c4eca364d5821f294a0006dffe6df4193bf932efRenowned economist Walter Williams of George Mason University has an enlightening five-minute lecture on the topic, “Is Capitalism Moral” on Prageru.com. Here are some of the points that struck home for me:

The free market is morally superior to any other economic system.

It is based on voluntary – and mutually beneficial – actions between individuals, without coercion. If I want something from you, I have to do something for you.

It is not a zero-sum game; it is a positive-sum game.

Both parties are better off because both parties win. It is the government that creates zero-sum games. The benefit that one citizen receives is at the expense of his or her fellow citizens.

True free-market capitalism will keep corporations in check.

It will force them to compete in the marketplace and be accountable to customers and stockholders. It is only when the government interferes that corporations lose this accountability and do not have to compete. The free market means limited government: you and I decide which businesses survive.

I thank God every day that I live in a country that promotes a free market. I don’t think I could have built such a successful life insurance sales practice anywhere else.

Please feel free to comment, or to contact me directly with a specific question. If you need a quote now, or a second opinion on a quote you have received, the best thing to do is to call me toll-free at (866) 633-1818. Or email me at skobrin@stevenkobrin.com. I also encourage you to download my free Life Insurance Guide – see the above tab. Many people have found it to be extremely educational.

 

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