The news has brought a generally praise-worthy article from the New York Sun and a whole quarrel of philosophers out to impart their view on the morality of capitalism, otherwise known as the system that keeps them fed and watered. Their comments say more about them than they do about capitalism. For example:
- Princeton University professor, Cornel West, said Adam Smith was "anti-imperialist," which he said was something that those "on the right" generally "don't want to appropriate."
- "Capitalism is thoroughly immoral and has no moral foundation," said Kirkpatrick Sale, the director of the Middlebury Institute, a think tank that studies "separatism" and "self-determination." "In fact, it celebrates all of what we know of as the seven deadly sins except for sloth."
Perhaps the most promising development on campus in recent years has been the creation of various centers and programs dedicated to the study of political liberty and the history of free institutions — for example, the James Madison Program on American Ideals and Institutions at Princeton, the Gerst Program at Duke, the Salvatori Center at Claremont McKenna College, the Political Theory Project at Brown, and the Center for Freedom and Western Civilization at Colgate.Professor Thompson himself deserves the final word:
Capitalism is made possible by a limited government that has as its primary purpose the protection of individual rights, which in turn takes the sovereignty of the individual as a moral absolute... Most conservative intellectuals argue that capitalism is good because it works. We think capitalism works because it's moral and just.Too true. And too easily forgotten.
LINKS: Clemson University Establishes a Think Tank Devoted to Studying the Moral Basis of Capitalism - New York Sun [Hat tip Noodle Food]
CONSERVATISM: A NEW OBITUARY, Part 6 - The consequences of conservatism - Not PC
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