Can capitalism overcome its image problem?
American Enterprise Institute scholar Charles Murray takes on the issue of captialism’s current image problem, particularly the American version. The issue of capitalism’s merit and benefit has come to the fore in the 2012 presidential campaign in which, Murray notes, capitalism “has become an accusation.”
“The creative destruction that is at the heart of a growing economy is now seen as evil. Americans increasingly appear to accept the mind-set that kept the world in poverty for millennia: If you’ve gotten rich, it is because you made someone else poorer. What happened to turn the mood of the country so far from our historic celebration of economic success?” asks Murray in his Wall Street Journal column.