Underlying most arguments against the free market is a lack of belief in freedom itself.
Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.
Indeed, a major source of objection to a free economy is precisely that it... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
A free economy and strong communities honor the dignity of every person, rewarding effort with justice, promoting upward mobility, and building solidarity among citizens.
The right combination is between a free economy and social policy that addresses the needs of society and creates equal opportunity.
We need a free economy not only for the renewed material prosperity it will bring, but because it is indispensable to individual freedom, human dignity and to a more just, more honest society.
I still believe that, in the long run, the aggregate of the decisions of individual businessmen, exercising individual judgment in a free economy, even if often mistaken, is likely to do less harm than the centralized decisions of a Government; and certainly the harm is likely to be counteracted faster. As I said earlier in this debate, our economic medicine may be painful but it is fast and powerful because it can act freely.
Needless to say, under either system [socialism or fascism], the inequalities of income and standard of living are greater than anything possible under a free economy -- and a man's position is determined, not by his productive ability and achievement, but by political pull and force. Under both systems, sacrifice is invoked as a magic, omnipotent solution in any crisis -- and "the public good" is the altar on which victims are immolated.
In the United States, and to only slightly lesser degree in all the other rich and economically progressive Western countries, public debate has at all times been dominated by the adherents of a "free" economy.
The right to suffer is one of the joys of a free economy.
President Obama insists hes a free-market guy. But you have to wonder whether he understands how a free economy really works.
All depressions are caused by government interference and the cure is always offered to take more of the poison that caused the disaster. Depressions are not the result of a free economy.
The moral case for individual initiative in a free economy holds that people have a God-given right to use their creativity to produce things that improve our lives.
This opportunity – to make it to the middle class or beyond no matter where you start out in life – it isn't bestowed on us from Washington. It comes from a vibrant free economy where people can risk their own money to open a business.
Government is taking 40 percent of the GDP. And that's at the state, local and federal level. President Obama has taken government spending at the federal level from 20 percent to 25 percent. Look, at some point, you cease being a free economy, and you become a government economy. And we've got to stop that.
President Obama's view of a free economy is to send your money to his friends. My vision for a free enterprise economy is to return entrepreneurship and genius and creativity to the American people!
The free economy is not the enemy but the friend of social capital.
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