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Monday, April 6, 2015
Is capitalism immoral? Not at all, says Atlas Network’s Tom Palmer
Tom Palmer – Pic by Shehan Gunasekara
April 6, 2015
Bastiat Society in Colombo
“Is capitalism immoral?” This was the question which Tom G. Palmer of Atlas Network – a US-based non-profit organisation that networks liberty and free enterprise promoting think-tanks world-wide (www.atlasnetwork.org ) – posed to a select audience of the newly-formed Sri Lanka Chapter of Bastiat Society (www.bastiatsociety.org/sri-lanka ) in Colombo last week.
He answered his question with a resounding negative, “Not at all”, and went onto justify his stand. Formed in 2004, the Bastiat Society takes its name from French Economist, Philosopher and Lawmaker Frédéric Bastiat who lived between 1801 and 1850. Bastiat, like his British counterpart Adam Smith who prelived him by a few decades, was famous for his scathing attack on the popular economic wisdom of the day.
“Is capitalism immoral?” This was the question which Tom G. Palmer of Atlas Network – a US-based non-profit organisation that networks liberty and free enterprise promoting think-tanks world-wide (www.atlasnetwork.org ) – posed to a select audience of the newly-formed Sri Lanka Chapter of Bastiat Society (www.bastiatsociety.org/sri-lanka ) in Colombo last week.
He answered his question with a resounding negative, “Not at all”, and went onto justify his stand. Formed in 2004, the Bastiat Society takes its name from French Economist, Philosopher and Lawmaker Frédéric Bastiat who lived between 1801 and 1850. Bastiat, like his British counterpart Adam Smith who prelived him by a few decades, was famous for his scathing attack on the popular economic wisdom of the day.
