An Economic and Moral Case for Capitalism

Steven Davis chats with Ross Levine about how the rule of law and competition foster prosperity and freedom in a system of market-based capitalism. They highlight the moral dimensions of the case for capitalism and its limits. They explain why the state is necessary for well-functioning markets, and how state power can undermine competition, prosperity, and freedom. They also discuss the toughest challenge facing a capitalist, or any, society – how to ensure widespread opportunity.

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