Free markets are a moral good


The Left love to tell us they’re the good guys. “We care,” they tell us. About human rights. And human suffering. The inference being: not like you nasty Conservatives who simply enjoy making people poor. “Austerity is a choice,” they say. Yeah, right. Because sky-high debt payments and rocketing taxes are great for the least well-off. The late, great Milton Friedman was correct: “So far as poverty is concerned, there has never in history been a more effective machine for eliminating poverty than the free enterprise system in the free market.”

Ironically, Soviet Communism was finally defeated by what a free marketeer might call ‘consumer resistance’. Yes, the arms race had taken its toll, as had the proxy wars, but the real killer was: the Soviet people had had enough. The Communist Party had failed; its fanciful promise to provide every family with a home by 1980 had conspicuously not materialised. Gorbachev’s policies of ‘glasnost’ and ‘perestroika’ were forced upon him; by skilful Western diplomacy, but perhaps more importantly, by an increasingly fractious home population. Reagan had succeeded in re-shaping Carter’s declining America; his silkily-packaged vision of “a shining city on the hill” was shimmering into being – and ordinary Soviet men and women wanted a slice of the action. They wanted: the free market.

The evidence that capitalism provides the best system for organising our society and our lives seems inarguable. Not according to Corbyn’s Labour Party. Socialist kleptocracies – and Socialist strongmen – are what the “nice” British Left admire. Diane Abbot will happily sit on television and try to explain the benefits of Chairman Mao. Jeremy Corbyn will issue tweets thanking Che Guevara for “showing us the way”. John McDonnell will declare he’s a Marxist, and describe left-wing thuggery as “the best of our movement”. British Socialists refuse to see what actually happens when anything close to socialism is tried. Marx was responsible for at least 100 million deaths. Yet, somehow, in the 5th largest economy in the World, it’s still cool to be a commie.

If crippling poverty, mass unemployment, and the inability to provide basic food stuffs and medicine are “good”, then it’s not a definition of “good” we recognise. Popular capitalism is the way forward. Reward and responsibility. A flourishing market economy. That is what we on this site think of as good – and Conservatives need to stop being squeamish about spreading that message. The stakes, in the face of a Labour Party which wants to paint the door of Number 10 red, are too high.

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