Friday, October 17, 2008

A Capitalist Manifesto
Markets remain our best hope for a better future

Where are the champions of free-market capitalism? Someone needs to remind us all that two great works were published in 1776, both representing game-changing advances in human freedom: The Declaration of Independence, authored by future American president, Thomas Jefferson, and "The Wealth of Nations" by Scottish economist Adam Smith.

Both embrace the social wisdom of individual liberty; both extol the importance of personal responsibility. [snip]

France's president held out the possibility that all is not lost, that we can fix what is broken.

"The financial crisis is not the crisis of capitalism," according to Mr. Sarkozy. "It is the crisis of a system that has distanced itself from the most fundamental values of capitalism, which betrayed the spirit of capitalism." [read: government regulation]

Mr. Sarkozy, speaking before Congress last November, who offered the most profound assessment of our nation's gift to the world.

"America did not tell the millions of men and women who came from every country in the world and who built the greatest nation in the world: 'Come, and everything will be given to you.' She said: 'Come, and the only limits to what you'll be able to achieve will be your own courage and your own talent.'"

It's a lesson that should never be lost or forgotten

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