Many on the political left today equate advocacy of free-market capitalism with an “anything goes” support for the economic status quo. Many on the political right give credence to this perception by, indeed, seeking to defend the status quo just because it happens to be so. Yet this is neither an obligatory nor an advisable approach for characterizing a genuinely well-considered free-market outlook.
Suppose that you are a free-market advocate and also an engineer, well-versed in the principles and methods for constructing durable, safe structures. Suppose you also identify severe deficiencies in a bridge proposed to be constructed by a completely private enterprise. Mr. Stolyarov explores the implications of this dilemma and the appropriate responses in a free society.
– “Why Free-Market Advocates Are Not Obligated to Defend the Economic Status Quo” – Article by G. Stolyarov II