Capitalism has Nothing to do With Greed and Everything to do With Freedom

September 12, 2013
2,261 Views

Contrary to the opinion of the iconic Gordon Gekko from the movie Wall Street, greed is not good; and amongst free market supporters it has never been viewed as anything more than an evil of crony capitalism. True capitalism, at its heart, is based on freedom of choice within the marketplace, and the moral code of free enterprise has absolutely nothing to do with greed.

As Arthur Brooks explains, in a free enterprise economy, entrepreneurs create value in their business by creating value for other people. In so doing, they are rewarded with (typically) capital. If an entrepreneur becomes extremely wealthy in a free enterprise economy that’s a great thing, because it means he/she has helped thousands of people by creating a desired product or service.

As the war on capitalism and free enterprise rages on across the globe, in retaliation to weak economic growth (which contrary to many misguided liberal opinions was not the fault of capitalism), I felt it necessary to share this fantastic clip from Arthur Brooks. It is important to note that Brooks is not a man who clings to either political party. In fact, he is the President of the American Enterprise Institute, a nonpartisan think tank. He’s a social scientist and musician as well. In this clip Brooks explains the true meaning of free enterprise.

Earned success requires that our skills and our passions meet. It requires that government not control our economic lives. It requires that we be free people…

– Arthur Brooks

 

Stay hungry,

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Aaron

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Like all of you entrepreneurs and investors out there, Aaron has been in the trenches. He is the founder of an influential online media and PR company. From oil wildcatters to mining prospectors, tech gurus to medical doctors, and even celebrities, Aaron has helped market and expand brand awareness for a diverse range of publicly traded companies ran by entrepreneurs from all walks of life.

  • Tiredofpeople

    No it is just greedy getting greedier. How can it be about freedom when companies like Goldman Sachs buy elections and manipulate market?

    Scams and more scams by the most powerful shmucks.

    • I hear your frustration, but:

      If you look up the definition of crony capitalism in the dictionary, you will see Goldman’s logo… they are precisely what free enterprise is against.

      • pointdexter

        Goldman and all the banks have been rigging elections. It was no different under Bush than it is Obama. They get their man in the White House no matter the party. Obama is no different than Reagan, Bush, Clinton. They are all the banks puppets.

        • Bob

          won’t ever change until a revoution takes place

          • So long as there is big government – no matter which party is in power – crony capitalism will exist. Big government leads to big bribes and campaign contributions (that often involve special favors later on).

            Big government supports big business. Small government supports small business.

        • Manup

          Its worst under Obama pointsexter

          • pointdexter

            Not worse under Obama. Are you forgetting about the Bush administration’s ties to Enron?

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