Last week I posted George Gilder’s lesson on knowledge based economics. Meantime, LinkedIn Influencer Ron Baker posted an item on Adam Smith’s Theory of Moral Sentiments – The Invisible Handshake. It was a good take-down of the too often accepted thesis that capitalism and free markets are, at best, an amoral, if not downright rotten and immoral set of economic arrangements. SUCH NONSENSE!

Capitalism is actually the MOST moral arrangement of human economic and social affairs. It is the only way humanity gets anything good done. It is predicated on benevolence and giving much more so than on greed and taking. The more freedom, the more manifest gifts are spread.

Here again, George Gilder: