The fact that Bill Gates is applauded for his work to “give back” to the world suggests that profit-making is a moral crime; but capitalism is not only moral, it is also the only moral social system, contends the executive director of the Ayn Rand Institute.
Yaron Brook, the director, will make that case here as he speaks on “The Morality of Capitalism” on Thursday, March 12, at 7 p.m. in Norlin Library’s British Studies Room on the University of Colorado Boulder campus.
Brook appears at the invitation of Bradley Birzer, CU-Boulder’s visiting scholar in conservative thought and policy.
Capitalism has an undisputed record of wealth generation, yet it has always functioned under a cloud of moral suspicion, Brook states.
“In a culture that venerates Mother Teresa as a paragon of virtue, businessmen sit in stoic silence while their pursuit of profits is denounced as selfish greed,” he writes, adding that society tells businessmen to sacrifice, to serve others, to “give back”—counting on their acceptance of self-interest as a moral crime, with chronic guilt its penance.
“Is it any wonder that productive giants from John D. Rockefeller to Bill Gates have behaved as if profit-making leaves a moral stain that only tireless philanthropy can launder but never fully remove?”
Yaron Brook is the coauthor of the national best-seller Free Market Revolution: How Ayn Rand’s Ideas Can End Big Government and a contributing author to both Neoconservatism: An Obituary for an Idea and Winning the Unwinnable War: America’s Self-Crippled Response to Islamic Totalitarianism.
Brook immigrated to the United States, having been born and raised in Israel, and serving in its military. He has a Ph.D. in Finance from the University of Texas at Austin and taught finance Santa Clara University for seven years.
He speaks around the world on issues related to capitalism, economics and finance, as well as Ayn Rand and her philosophy. Brook’s podcast is available every Monday, from 10 a.m. to noon at blogtalkradio.com/yaronbrook. Find him on Twitter at @yaronbrook. This talk is free and open to the public.