Liberty Capitalism

8/3/2019 Liberty Capitalism

1/12

1/26/2012

1

Capitalism, Liberty and

Western Civ.

Basic References

1) Michael Novak, On Two Wings: Humble Faith andCommon Sense at Americas Founding.

2) W. Cleon Skousen, The Five-Thousand Year Leap.

3) F.A. Hayek, The Road to Serfdom.

4) AynRand, Capitalism: The Unknown Ideal.

A Spiritual Perspective

on Economics

Jay W. Richards, Money, Greed, and God: Why Capitalism isthe Solution and Not the Problem.

Charles Gave, Jesus: The Unknown Economist

... we gave you this command: If any one will not work, lethim not eat. For we hear that some of you are living inidleness, mere busybodies, not doing any work . Now wecommand and exhort in the Lord Jesus Christ to do their workin quietness and earn their own living.,2 Thes. 3:10-12


2/12

1/26/2012

2

Capitalism is the Economic Dimension

of Liberty

Economics: __________________.

Liberty: _____________________.

Capitalism is a PhilosophyCapitalism is a Philosophy

(must have three distinct(must have three distinct

components)components)

Philosophy(______)

Ethics(________)

Metaphysics(_________)

Epistemology(__________)

Capitalist Ethics"Every man,________________, is left

perfectly free to pursue his own interest hisown way, and to bring both his industry andcapital into competition with those of anyother man or order of men." - Adam Smith


3/12

1/26/2012

3

The Capitalist Golden Rule

"The only freedom deserving the name, is that ofpursuing our own good in our own way,_____________________________, or impede theirefforts to obtain it. John Stuart Mill

Grounded in _________________, You shall loveyour neighbor as yourself. (Gal 5:14; Lev 19:18)

_____________:Do unto others Ethics ofReciprocity found in 21 of23 world philosophies.(Matt 7:12; Luke 6:31)

Contrast with Socialist Ethics

From______ according to his ________; to

each according to his ________.- Karl Marx

____________ needs come before the

_____________ needs."- Adolf Hitler

Capitalist Metaphysics

Reality is __________, not ___________.

There exists ______________.

Mans nature is ________, rooted in

___________________________.


4/12

1/26/2012

4

Socialist Metaphysics

Reality is ____________. It is what the ________ says it is.

Ex: Stalins first census.

Mans nature is __________ we can create

New Soviet Man free of self-interest.

Capitalist Epistemology

________.

________

_______

________.

Socialist Epistemology

Reality is perceived not through ______, but

through ________.

Determined by _________.

Ask a leftist what they________ about

something and they will inevitably reply, I

_______that


5/12

1/26/2012

5

Americas Founders Intended a Free

Market Economy

I think all the world would gain by settingcommerce at ___________.- ThomasJefferson

I own myself the friend to a very_______________, and hold it as a truth, thatcommercial shackles are generally unjust,oppressive and impolitic - James Madison

Jeffersons Declaration of

Independence

We hold these truths to be self-evident, that

all men are created equal, that they are

endowed by their Creator with certain

unalienable Rights, that ____________ are

Life, Liberty, and Property. (early draft; based

on John Lockes writings 100 years earlier)

What is Property?_______(homes, cars, land, jewelry ).

Our _______ (savings, stocks, bonds, ).

The fruits of our ________ (income).

_______________(ideas, hopes, dr eams, ).

Property is our very ____________ itself.

Every man has a property in his own

_____________. John Locke


6/12

1/26/2012

6

Property Rights in the Colorado State

Constitution

That all persons have certain natural, essential andinalienable rights, among which may be reckoned the

right of enjoying and defending their lives and

liberties; that of acquiring, possessing, and

protecting property; and of seeking and obtaining

their safety and happiness - Colorado State

Constitution, Article II , Section 3 (authors emphasis)

I Produce, Therefore I Am

in her natural right to eat the bread she earns with herown hands without taking leave of anyone else, she is myequal, and the equal of all others. - Abraham Lincoln

"Property is surely a right of mankind as real as liberty ___________ must be secured, or ____________ cannotexist." - John Adams

Contrast to: The theory of the Comm unists may be summed

up in the single sentence: Abolition of _________________. Karl Marx (The Communist Manifesto)

The Two Wings of Liberty:

Faith and Reason

About 3,000 years ago the threads of two

distinct civilizations ______, ________ and

began to _________.

_______________ (law, logic, science).

_______________(faith, ethics, morality)


7/12

1/26/2012

7

Liberty and Property

proclaim ________ throughout the land toall its inhabitants; it shall be a jubilee for you,

when each of you sha ll return to his

__________ and each of you shall return to

his family.- Leviticus, 25:10

The phrase from ___________, Proclaim

liberty throughout the land. is inscribed on

Americas ___________________.

The Individual

The idea that a created individual has _________ is adistinctly ____________ concept.

The concept of individual _______ begins with__________in the Garden of Eden, where Adam andEver were free to choose.

No man is _______who cannot command himself. Pythagoras (550 BC)

__________ is the right to live as we wish Godhas entrusted me with myself. Epictetus, Romanslave and Greek Stoic philosopher (100 AD)

The Long Road to Western Civilization As these two paths intertwined, the intersection of

___________with ____________gradually led to a deeperconcept of the sanctity of the created individual.

Aristotle (350 BC)

Cicero (50 BC)

Jesus of Nazareth (0 BC)

St. Augustine (400 AD).

Magna Carta (1200AD; rights of Englishmen)

St. Thomas Aquinas (1250AD).

Lutheran Reformation (1500AD).

John Lockes Life, Liberty, Property (1650AD)

Thomas Jeffersons Declaration (1776AD)


8/12

1/26/2012

8

God is the Source

of Our Natural Rights "A free people claim their rights as derived from the

___________, and not as the gift of their ______________. -Thomas Jefferson

You have rights antecedent to______________________rights derived from the_______________of the universe. John Adams

The sacred rights of mankind are written, as with a sunbeam, in the whole volume of human nature, by the hand of

____________itself. Alexander Hamilton

"The rights of man come not from the generosity of the statebut from the ____________. - John F.Kennedy

Adam Smith

Wealth of Nations (1776)Specialization, Production, and Trade

It is a m axim of every prudent master of a family,

never to attempt to make at home what it will cost

him more to make than to buy... All of them find it

for their interest to employ their whole industry in a

way in which they have some advantage over their

neighbors, and to purchase with a part of itsproduce, or what is the same thing, with the price of

part of it, whatever else they have occasion for.

Adam Smith

Capitalism is based on voluntary (non-

coerced) trade Man has almost constant occasion for the help of

his brethren, and it is vain for him to expect it fromtheir benevolence only. He will be more likely toprevail if he can interest their _________ in his favor,and show them that it is for their own advantage todo for him what he requires of them It is not fromthe benevolence of the butcher, the brewer, or thebaker that we expect our dinner, but from theirregard to ________________. Adam Smith


9/12

1/26/2012

9

Enlightened Self-Interest

Every individual neither intends topromote the public interest, nor knows how

much he is promoting it He intends only his

__________, and he is in this, as in many

other cases, led by an____________ to

promote an end which was no part of his

intention. Adam Smith

Capitalist Public Policy

Take your hand out of my pocket

and leave me alone.

Little else is requisite to carry a state to the highestdegrees of opulence from the lowest barbarism, butpeace, easy taxes, and tolerable administration ofjustice. The natural effort of every individual to______________, when suffered to exert itself withfreedom and security is so power ful a principle that

it is alone, and without any assistance capable ofcarrying on the s ociety to __________________ -Adam Smith

John Adams Ten Commandments

Argument for Property Rights

The moment the idea is admitted into societythat property is not as sacred as

___________ anarchy and tyrannycommence. If Thou shalt not covet andThou shalt not steal were not

_____________, they must be madeinviolable precepts in every society before itcan be civilized or made free. - John Adams


10/12

1/26/2012

10

President Reagan

Connected to Americas Founding

Principle: Limited Government

"Man is not free unless __________... As

government expands, liberty contracts." -

Ronald Reagan

"Remember that every government service,

every offer of government financed security, is

paid for in the loss of ______________."

- Ronald Reagan

Economic Liberty and Political Liberty

Cannot be Separated

"In the general course of human nature, A power

over a man's subsistence amounts to a power over

_____________.- Alexander Hamilton

"To be controlled in our economic pursuits means to

be controlled ___________." F.A. von Hayek

To control the economy, you must control

______________. Ronald Reagan

Where Goes America? "The American people will never _________ adopt Socialism.

But under the name of _____________ they will adopt everyfragment of the Socialist program, until one day America willbe a Socialist nation, without knowing how it happened." --Norman Thomas (six-time U.S. Presidential candidate for theSocialist Party of America)

We cannot expect the Americans to jump from _________ to__________, but we can assist their ____________in givingAmericans small doses of __________________ until theysuddenly awake to find they have Communism.- NikitaKhrushchev (1959)


11/12

1/26/2012

11

Even Atheists Can Be Prophets

"When you see that trading is done, not by consent, but by

compulsion - when you see that in order to produce, you needto obtain _____________ from men who produce nothing -when you see that money is flowing to those who deal, not ingoods, but in favors - when you see that men get richer bygraft and by pull than by work, and your laws don't protectyou against them, but protect them against you - when yousee corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is __________." -AynRand (1905-1982)Source: Atlas Shrugged, Francisco's"Money Speech"

Nothing New Under the Sun

(Ecc 1:19)

"The arrogance of _________ should be

tempered and controlled, and assistance toforeign lands should be __________, lestRome fail." - Cicero (~50 BC)

Back to the Future? If ye love _______ greater than _______, the

tranquility of servitude greater than the animatingcontest for freedom Crouch down and lick thehand that feeds you; and may posterity forget thatye were our countrymen. Samuel Adams

Is life so dear, or peace so sweet, as to be purchasedat the price of chains and slavery? Forbid it, AlmightyGod! I know not what course others may take; but asfor me, give me liberty or give me death! PatrickHenry


12/12

1/26/2012

12

Liberation Theology:

False Christianity

Holds that _____________ is the only biblical systemof political economy.

Jesus was the wor lds first ________, the first toseek a better life for mankind. Mikhail Gorbachev

"I swear by Christ the greatest ______ in history." Hugo Chavez

Government charity is an oxymoron

Government has no _____________ supply of money.Before government can give to one, it must first takefrom another.

Biblical charity is based on ________ giving. Charity is aform ofLove in Greek. They both translate as_________.

Each one must do as he has made up his mind, not_______ or under __________, for God loves a cheerfulgiver. 2 Cor. 9:7

Final Thought

"The duel between Christianity and atheism is

the most important in the world...(and) the

struggle between __________ and

____________ is the same struggle

reproduced on another level.- William F.

Buckley, Jr. (God and Man at Yale, 1951)

Liberty Capitalism

Documents