Published for www.commentarymagazine.com, June 12, 2012
In a speech last week in St. Louis, Mitt Romney spoke about the “liberating power of the free enterprise system” and went on to say this:
That same system has helped lift more people out of poverty across the globe than any government program or competing economic system. The success of America’s free enterprise system has been a bright beacon of freedom for the world. It has signaled to oppressed people to rise up against their oppressors and given hope to the once hopeless. It is called the Free Enterprise System because we are both free to engage in enterprises, and through those enterprises we ensure our freedom.
For conservatives, this has been a terribly underutilized argument. When it comes to measuring an economic system based on its moral outcomes, there is simply no competitor when it comes to the free enterprise system. No economic system in history has come nearly as close as capitalism to raising the poor from the dust and elevating the dignity of the human person.