The Moral Foundations of the Market Order

Contributing sentiments towards policy:

54% : The failure to answer this question correctly spells doom not only for the free market but also for liberal society as a whole.
50% : Accordingly, we have found in many Western countries the creation of "providential" welfare states alongside markets, in which progress, as Röpke feared, is measured by indenturing citizens, who cling to the belief that they are blessed by the fictitious state and not by tax payments from their fellow citizens.
49% : What the economic nationalists and progressives share in common is the position that markets in the post-Cold War period have failed and require a substantial degree of government intervention via industrial policy, child and family subsidies, health-care programs, and a much tighter nexus among corporations, workers, and the government.
48% : They largely defend capitalism on instrumental and utilitarian grounds.
47% : Röpke was clear that sound economic policy as a practical matter was not enough to defend free markets.
46% : In a memorable 1972 speech at the Mont Pelerin Society, Kristol asked a roomful of free market economists, academics, and writers: "If the traditional economics of socialism has been discredited, why has not the traditional economics of capitalism been vindicated?"
46% : Prices must be responsive and adaptive to human choice and not fixed or unduly constrained by regulations, prohibitions, and other forms of government meddling, which slowly strangle the life from the economy by making prices the outcome of government intervention and not consumer decisions.

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