For Capitalism

R.R. Reno argues that there is still important that we put forward the moral argument for capitalism. This is especially true now that we have elected a president who will emphasize the failures and limitations of capitalism.



Reno goes back to John Locke who argued from British common law that property ownership is a sacred and ancient right. Property creates a "zone of freedom" for the individual. The political will of the state finds its limits outside the boundaries of the property owner. Property gives us the arena for status and power seperate from political encroachment and control.

Well said...