In an op-ed, Prof. Jonathan Haidt explains why capitalism is the world's "greatest hope"
July 16, 2013
Excerpt from The Huffington Post -- "I think in the long run our greatest hope is capitalism. That might sound like a strange thing to many people now because America is engaged in a debate on the ethical nature of capitalism. What I'm hoping is that we as Americans, and people in other countries, too, can think more clearly about capitalism as the engine of growth that lifts people out of poverty. It can only work when you have efficient markets, and you can only have efficient markets when you have government tamping down on monopoly, on those who exploit public goods, and on those who pass externalities on to others."