The Tribune Editorial of Friday, February 8, 2019 warned that "As we see Venezuela sliding into chaos, we should always be alert in our democracy to the danger of politicians seeking unbridled powers to pursue policies that may not be the interests of the people, not least in managing the national economy."
At the same time the editorial cautioned about the "blatant excesses of capitalism". Read more here…
I would suggest the so called excesses of capitalism are something other than capitalism but John A. Allison made the moral case for Capitalism in a recent commentary:
Here are a couple excerpts:
"One of the most compelling moral arguments in favor of the free market is that it is the system most conducive to allowing people to pursue their dreams and creativity, which — for the overwhelming majority of people — manifest themselves through professional work.
"In work, this creative pursuit is known as entrepreneurship. It is responsible for raising human society and living standards. Yet it is possible only to the degree that markets are free. Why? Because in order to innovate — by definition — you must be free to disagree."
"Free markets that foster entrepreneurship also create a population that can earn real self-esteem (defined as confidence that you can succeed living a life of integrity), pride in trading value for value, and happiness in the Aristotelean sense of the word. Ever wonder why government bureaucrats and citizens from socialist countries seem so unhappy? It’s because the socialist economic systems in which they operate make it impossible to pursue their economic ideas, passions, and creativity."
