A panelist speaking on the morality of markets proclaimed that capitalism is miraculous, and the debate may have convinced the Dalai Lama – leader of Tibetan Buddhism – to open his mind to capitalism.
"Free markets really are miracles," declared Jonathan Haidt, professor of Ethical Leadership at New York University, at the American Enterprise Institute on Thursday. "You really can turn water into wine, vast quantities of wine, at low, low prices, as long as the vineyard owners can get access to cheap credit and transportation networks, and have property rights."
Read Full Article »