Do you remember the solar power company Solyndra? The company managed to go bankrupt despite the government being its biggest investor. Or, maybe they went bankrupt because the government was the primary investor.
Burt Folsom, a historian and professor at Hillsdale College, says that this is nothing new. Looking at the history of the race to build America’s railroads and airplanes Folsom shows why private investment works and government investment does not.
Father Sirico argues that a free economy actually promotes charity, selflessness, and kindness, and why free-market capitalism is not only the best way to ensure individual success and national prosperity but is also the surest route to a moral and socially-just society.
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