Why free enterprise matters to the United States

Free enterprise is a positive because it allows individuals to realize financial benefit? Well, yes, but it is more important for another reason asserts American Enterprise Institute President Arthur Brooks.

In fact, he argues, the true benefit resulting from free markets and entrepreneurialism is a moral one.

“In short, the secret to the pursuit of happiness is earning our own success; creating value with our lives and in the lives of others. This earned success is the fruit of hard work and just rewards in a system built on merit. Only in a free enterprise system is effort and innovation rewarded over connections and predation,” says Brooks.

Watch Brooks discuss the benefits of free enterprise in this 2011 interview with CNBC.

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