While one can debate the virtues of the free market, there are some things about it that are clear: First, it has raised more people out of poverty than any utopian economic system proffered as an alternative. Second, it does an excellent job at distributing resources — far better than the heavy hand of centralized government planning.
Indeed, “freedom” was largely understood throughout the history of modern political philosophy to mean free markets as well as freedom of conscience and movement and the other essential freedoms. It is no mistake that the most brutal regimes in human history have treated the notion of property rights as little more than an obstacle on the road to human equality.
The competition of a free and open market leads to greater goods to meet greater needs of greater numbers of people. Closing down free and open markets delegates the task of deciding what and how much of something people need to a centralized, and often unaccountable, bureaucrat.
None of this is to say that free market capitalism is without its problems. But it has nothing in the way of meaningful alternatives. The men who speak below understood this. See what they have to say about the benefits — and the comparative pitfalls — of the free market.
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