Free markets have exponentially improved the well-being of humanity and lifted more people out of poverty than any government program. But severe inequalities persist, and gaps have widened in the past thirty years. Is this a problem in and of itself? Or only to the extent it is caused by unfairly distorting the market with the help of government – so-called “crony capitalism" – as opposed to the inherently unique capabilities of each individual? How should the law be structured to ensure a level playing field?
In this panel, Yaron Brook joins Prof. Thomas Edsall, Adjunct Professor of Journalism, Columbia Graduate School of Journalism, Prof. Jason Johnston, Henry L. and Grace Doherty Charitable Foundation Professor of Law, University of Virginia School of Law, and Prof. Steven Teles, Associate Professor of Political Science, Johns Hopkins University. Moderated by Hon. Jerry E. Smith, U.S. Court of Appeals, Fifth Circuit.
This panel was presented at the Federalist Society 2016 National Student Symposium on Friday, February 26, 2016, at the University of Virginia School of Law.
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Yaron Brook, Radical for Capitalism, discusses news, culture and politics from the principled perspective of Ayn Rand's philosophy, Objectivism. Yaron is the executive chairman of the Ayn Rand Institute and a world class speaker.