Fee: “Common Good Capitalism” Is No Substitute for Free Enterprise

Fee: “Common Good Capitalism” Is No Substitute for Free Enterprise

The notion that, left unguided, without any sort of of policy involvement, the market will solve our problems will not restore a balance between the obligations and rights of the private sector and working Americans.

Senator Marco Rubio, Nov. 5, 2019

Senator Marco Rubio and his common good capitalism advocates may mean well. But as Milton Friedman tells us, we don’t judge policy based on intentions but consequences. In a recent speech, the senator attempted to articulate the nebulous notion of common good capitalism, suggesting that what some call unfettered capitalism is harming workers, causing despair, undermining religious observance, and ultimately corroding civic institutions.

Read More at Fee.org.

Doug McCullough, Director of Lone Star Policy Institute
Brooke Medina, Communications Director, Civitas Institute