Tag: free-market capitalism
-
O.J. Simpson and Virtue in the Marketplace (Part 2 of 2)
Yesterday I suggested that free market capitalism is very efficient at processing the information it receives. If we feed a value system like individualistic materialism into the system, then the results will reflect those values. If we feed virtuous values into the system, the results will reflect those virtues. Most would agree that individualistic materialism…
-
O.J. Simpson and Virtue in the Marketplace (Part 1 of 2)
Yesterday we learned that Rupert Murdoch's media empire has scrapped the O.J. Simpson TV program and upcoming book. The outcry was so strong that several Fox affiliates refused to air the program. No broadcast, no advertisers. No advertisers, no money. Fox made a business decision. There are some very powerful lessons here. First, the free-market…
-
Free Market Capitalism: Embrace or Fear?
While preparing to write some posts dealing with ecology, I was revisiting an essay on stewardship in Toward an Evangelical Public Policy written by Scot Rodin. He has four wonderful paragraphs on capitalism and economic systems. I present them below, but for these paragraphs to make sense, you must know that Rodin has been talking…
-
Theology and Economics: A Matter of Will
I have made the case that free market capitalism does not guarantee just economic outcomes. The synergy of property rights, scientific rationalism, capital markets, and technology and infrastructure are better understood as powerful amplifiers of human actions and values. Condemning the "technology" of free market capitalism for the evil in the economy is akin to…