We know from history and evidence all around us, which economic system works, and which one makes people the happiest. It's the economic system of free enterprise. But is it the most moral? Bill Walton explores the question with Jay Richards, author of the newly reissued book “Money, Greed and God.”
We know from history and evidence all around us, which economic system works, and which one makes people the happiest. It’s the economic system of free enterprise. But is it the most moral? Bill Walton explores the question with Jay Richards, author of the newly reissued book “Money, Greed and God.”
He explains, “you need to ask: compared to what?” The question isn’t, well, is it moral and as good as say nirvana or the kingdom of God or whatever the kind of utopian idea that we can imagine? The relevant question is, how good is this system compared to the other ones that we have some capacity to realize in this world.
When people claiming to be socialists have actually tried to implement it in history, what has resulted? They can’t simply wish away the 40 or 50 or 60 actual failed socialist experiments. Socialist Congresswoman Alexandria Ocasio Cortez likes conjuring scenarios of a Scandinavian village, a little fishing village in Norway where everybody has a Volvo in their garage and plenty of fish to eat and they’re able to sing together at the morning at the library, things like that, right? Delusional. Find out why here.
