U of M Students of Objectivism is proud to announce that Dr. Yaron Brook will be giving his lecture entitled ‘Capitalism Without Guilt’ on Oct. 6th in the Chemistry building, room 1640 at 7:00pm.
“Virtually everyone today regards the financial crisis as a failure of the free market. In this talk, Yaron Brook, executive director of the Ayn Rand Center for Individual Rights, will argue that in fact it is the un-free market that has failed. It was not capitalism that held interest rates below the rate of inflation, spurring massive amounts of borrowing and a housing boom. It was not capitalism that gave us Fannie Mae and Freddie Mac, which promoted subprime lending and helped fuel the boom. It was not capitalism that gave us deposit insurance and the “too big to fail” doctrine, which encouraged risky financial practices. These, and many anti-capitalist measures like them, Dr. Brook will argue, laid the groundwork for the financial crisis. The only cure, according to Dr. Brook, is to set the market free. But to do that, Americans must embrace capitalism as a moral system–one that should be defended without guilt.”
Seating is on a first come first serve basis, so you may want to get there early! For those unfamiliar with the campus: http://img62.imageshack.us/img62/8831/ccamp.jpg
The Facebook event is located here: http://www.facebook.com/home.php?#/event.php?eid=138329093375&ref=mf