Berkeley Objectivists Posted November 12, 2008 Report Share Posted November 12, 2008 Capitalism Without Guilt: The Moral Case for Freedom Who: Dr. Yaron Brook, Executive Director of the Ayn Rand Center for Individual Rights When: Monday, November 24th, 7pm Where: 2040 Valley Life Sciences Bldg., UC Berkeley Campus Free pizza served Description: Virtually everyone today regards the financial crisis as a failure of the free market. In this talk, Dr. Brook will argue that in fact it is the unfree market that has failed. It was not capitalism that held interest rates below the rate of inflation, spurring massive amounts of borrowing and a housing boom. It was not capitalism that gave us Fannie Mae and Freddie Mac, which promoted subprime lending and helped fuel the boom. It was not capitalism that gave us deposit insurance and the "too big to fail" doctrine, which encouraged risky financial practices. These, and many anti-capitalist measures like them, Dr. Brook will argue, laid the groundwork for the financial crisis. The only cure, he says, is to set the market free. But to do that, Americans must embrace capitalism as a moral system--one that should be defended without guilt. Facebook page. Email: [email protected] Quote Link to comment Share on other sites More sharing options...
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