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Wednesday, September 8, 2010

David Cameron: Wants Morality in the Market

Posted by The Interest on January 31, 2009

Read this article at the Telegraph in the UK and you hear that David Cameron, the Tory leader, wants more morality in the market.

Here’s a quote from the article:

Mr Cameron said that many people around the world are cynical about the merits of capitalism and free-market economics.

He said: “This is what too many people see when they look at capitalism today: Markets without morality; globalisation without competition; and wealth without fairness. It all adds up to capitalism without a conscience and we’ve got to put it right. “

What is interesting to me is that many people will bash these statements and rationale simply because it doesn’t sound free market or capatilistic.  Instead of thinking usury is some old world idea about not letting someone borrow money for free, people like David Cameron should educate more people to ask, “Where’s the Interest?”

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