Wednesday, July 08, 2009

Defending Capitalism

Centennial Institute Invites You to Join Us for

Issue Friday * July 17, 10:00-11:30 am

Colorado Christian University, School of Business Room 103


Dr. Paul Prentice, Centennial Institute Fellow & UCCS Economist
Prof. Tamara Hannaway, CCU School of Business

Plus Discussion Forum Moderated by John Andrews

** Why can we say that the market economy and free enterprise
are not only materially superior but ethically superior?

** What are the moral flaws in a centralized command economy?

** How is your intellectual ammunition for making these arguments
at a critical moment in American history? Come & reload with us!
Reservations recommended * RSVP on this email or call 303.963.3424

Directions to CCU Campus in Lakewood: From Garrison, go east two short blocks on Cedar, park on your right.
Continue east into the campus, toward flagpole. School of Business is the 2nd low building on your right.

The Centennial Institute sponsors research, events, and publications to enhance
public understanding of the most important issues facing our state and nation.

By proclaiming Truth, we aim to foster faith, family, and freedom,
teach citizenship, and renew the spirit of 1776.

Centennial Institute
Colorado Christian University
8787 W. Alameda Ave.
Lakewood, Colorado


Fletcher said...

Dr G: Wanted to run this by you. I was talking to a Christian friend of mine who is an economist just yesterday about this very subject.

His perspective is basically this: The police, fire, postal, library, and public defender services are "socialist" programs. Those who banter the semantics of capitalism vs. socialism fail to realize that "economies" are mixed. Mixed economies are literally components of all economic paradigms. Pure socialism and capitalism do not exist. Most opponents of socialism really do not understand the intrinsic "workings" of the dismal science of economics and basically repeat innocently what they hear through their own personal political viewpoint media channel.

We all work hard as Americans and any pure economic system will either reward and/or destroy that hard work as you say if corruption exists. Therefore, a mixed system of economic principles is not a bad system, but a more efficient system to help eliminate that corruption.

(back to me talking)

I found this thinking enlightening for me personally. I think what I fear most is communism. That is a system where straight A performers and D and F performers are rewarded equally, correct?

In light of my friend Robert's comments above, I am rethinking my position on socialized health care.. but I don't know enough about it to take a strong position yet. I need to become better informed not only on the general pros and cons, but on the various ways it can be implemented. I'm sure some socialized medicine systems have worked better than others.

Curt Metcalfe said...

Dr. Groothuis,

Thanks for posting this. I am planning to attend.