29min chapter

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Can Catholics Defend Free Enterprise? | Prof. Jay Richards

The Thomistic Institute

CHAPTER

Defending Capitalism and Free Enterprise

The chapter delves into the debate on whether Catholics should defend capitalism or free enterprise, stressing the importance of defining terms clearly and understanding the concepts. It emphasizes the role of free enterprise in allowing individuals to pursue their dreams, create value, and emerge from poverty while highlighting the distinctions between self-interest and selfishness in economic principles. The chapter also challenges misconceptions about free enterprise, illustrating how under the right conditions, it can lead to win-win scenarios where all participants benefit.

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