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Many regard the financial crisis as a failure of the free market and “greedy” businessmen. But is capitalism really to blame for our current economic mess?
Ayn Rand art work by Kimberly Lloyd
In this talk Yaron Brook, executive director of the Ayn Rand Institute, will argue that today’s crisis is a failure of the un-free market. Massive government intervention, from Washington’s affordable-housing crusade, via Fannie Mae and Freddie Mac, to the Federal Reserve’s easy-money policies, laid the groundwork for the crisis. Dr. Brook will evaluate the government’s response to the crisis and suggest alternatives.
Dr. Brook also will explain why the free market has taken the blame for a crisis caused by government intervention. While most people are quick to blame capitalism for any evil because it encourages selfishness and rewards the profit motive, Dr. Brook will argue that these traits are precisely what make capitalism a moral system.
Yaron Brook is president and executive director of the Ayn Rand Institute. A former finance professor, he has published in academic as well as popular publications and is frequently interviewed in the media. He has appeared on CNN, Fox Business Network, Fox News Channel, CNBC and PBS, among others. He lectures on Objectivism, business ethics and foreign policy at college campuses and for corporations across America and throughout the world.
Please note: The above event is organized, hosted and sponsored by an individual campus club. Although ARI provides financial support, educational materials and speakers for eligible student clubs, campus clubs are organizations independent of ARI. ARI does not necessarily endorse the content of the lectures and sessions offered.
University of Washington, Seattle WA
March 16th, 2010