Excellent opinion piece in the Wall Street Journal this last Monday. These are just snippets so please read the complete article here:
Capitalism makes possible entrepreneurship, which is the realization of an idea birthed in human creativity. Whereas statism demands that citizens think small and bow to a top-down conformity, capitalism, as has been practiced in the U.S., maximizes human potential. It provides a home for aspiration, referred to in the Bible as “the spirit of life.”
Furthermore, only a prosperous nation can protect itself from outside threats, for without prosperity the funds to support a robust military are unavailable. Having radically enlarged the welfare state and hoping to further expand it, President Obama is attempting to justify his cuts to our military by asserting that defense needs must give way to domestic programs.
The motive of capitalism’s detractors is a quest for their own power and an envy of those who have more money. But envy is a cardinal sin and something that ought not to be.