Five Myths About Free Enterprise

by alexvanbuskirk

Five Myths: Challenging everything you think you know

By Arthur Brooks @ WaPo (July 13, 2012)

The 2012 presidential campaign is shaping up to be a battle of two economic philosophies. One favors a greater redistributive and regulatory role for the government; the other prioritizes the values of free enterprise, including private property, individual liberty and limited government. Given the economic hardships the United States has endured in recent years, it is tempting to conclude that free markets are no longer best for us — but that would misread our history, and buy into myths about the impact of free enterprise.

1. Free enterprise hurts the poor…

2. Free markets are driven by greed…

3. Free enterprise breeds envy…

4. The free market caused the financial meltdown…

5. Free enterprise is unfair…

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