Over on The Daily Caller, Jamie Weinstein has an interview with Rev. Robert A. Sirico, President of the Acton Institute, about his new book, Defending the Free Market: The Moral Case for a Free Economy:
What is the moral case for capitalism?
The moral case for a free economy (I prefer this phrase over the word “capitalism” which is far too narrow and has Marxist roots) is to be found in human nature: the very reality that all people related to the natural world of scarce resources by the use of their minds to create things that were not in existence prior to human creativity. Men and women require freedom to express this productive creativity.
The sixteenth-century priest St. Francis de Sales, when called upon to give pastoral advice to Christians involved in trades and occupations, gave a different answer from what some might expect from a saint: “Have greater care than worldly men do to make your property profitable and fruitful . . . our possessions are not our own. God has given them to us to cultivate and he wants us to make them fruitful and profitable . . . therefore let us exercise this gracious care of preserving and even of increasing our temporal goods whenever just occasions present themselves.”
The system of profit and loss in a free economy can orient our behavioral compass toward activities that serve others, make good use of resources, and prepare us for the future. It doesn’t stop people from serving evil desires or eradicate original sin, but without the price signals in a free economy, our economic activities would be without order.