Sunday, October 31, 2010

Poverty, Christians and Capitalism

Please read the article "Free Market Generosity" starting on page 24.  The one consistent factor in eliminating poverty is the individual's private property rights.  Let's not forget that John Locke and Thomas Jefferson both claimed that God gave us unalienable rights, and among them is the right to property (the Declaration of Independence had that instead of 'happiness' until the final draft).  Even Milton Friedman made the point that capitalism (individual/private property rights) is a necessary (but not sufficient) factor to have a free society where people are free to choose for themselves.

http://www.cedarville.edu/~/media/Files/PDF/Publications/Torch/torch_f2010.pdf

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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?