1:30 – 2:30 pm CT: Is Capitalism Morally Objectionable?
To many, capitalism is a practical (productive) success yet morally objectionable. Adherents of altruism, deontology, religion, utilitarianism, and “social justice” concur in condemning capitalism as secular, selfish, and inegalitarian. In fact, capitalism does embody these attributes, but it’s also the system of the mind – our unique faculty of reason – the rights-based system that encourages and rewards the exercise of the primary virtue: rationality. The morality-practicality dichotomy is false; in truth, these values are sympatico. Capitalism is practical precisely because it is moral.
Speakers: Stephen Hicks and Richard Salsman