Atlas Network’s Palmer defends the morality of capitalism

Most complaints about capitalism actually target “cronyism,” an economic system distinct from free-market capitalism.  In contrast to cronyism, free-market capitalism promotes morality and leads to numerous social benefits.

Tom Palmer of the Atlas Network and Cato Institute made those points today during a presentation to the John Locke Foundation’s Shaftesbury Society. Palmer was exploring key themes from a new book he’s edited titled The Morality of Capitalism.

In the video clip below, Palmer distinguishes cronyism from capitalism.

3:05 p.m. update: Click play below to watch the full 1:03:30 event.

You’ll find other John Locke Foundation video presentations here.

Mitch Kokai / Senior Political Analyst

Mitch Kokai is senior political analyst for the John Locke Foundation. He joined JLF in December 2005 as director of communications. That followed more than four years as chie...