Capitalism Without Guilt - Dr. Yaron Brook of the Ayn Rand Ins. at JIMS - Part 1

English starts @ 5 min.
Capitalism Without Guilt: The Moral Case for Freedom
By Dr. Yaron Brook from The Ayn Rand Ins. ( www.aynrand.org ) at The Jerusalem Institute for Market Studies (JIMS) www.jims-israel.org

האירוע נערך בחסות מכון ירושלים לחקר שווקים בירושלים
בבית הסגל ע"ש מאירסדורף



Virtually everyone today regards the financial crisis as a failure of the free market. In this talk, Yaron Brook, executive director of the Ayn Rand Center for Individual Rights, will argue that in fact it is the un-free 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, according to Dr. Brook, is to set the market free. But to do that, We must embrace capitalism as a moral system--one that should be defended without guilt.

Place: The Maiersdorf Faculty Club Hotel on the Har Hatozofim campus.

Category:

Education

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