The Free Market's Moral Landscape: Discovering Purpose and Progress in Work

In a free-market #economy, work represents the organized method of serving one another. Every job, from custodian to CEO, possesses foundational moral value, purpose, and meaning. Consequently, those working with for-profit organizations tend to lead lives with moral passion and #purpose.

The word "profit" originated from ancient Latin, where its root signified progress. This is fitting, as, during the Middle Ages, it generally denoted a moral benefit. It still does. Though its usage has shifted to primarily financial applications, the concept remains relevant today.

Unfortunately, many people have been swept up in generalized notions of community that undermine human dignity and progress. As Hannah Arendt observed, nearly all illiberal thinkers from Robespierre to Stalin have emphasized finding meaning in community interests.

Collaborating with for-profit organizations means contributing to a movement that has nourished more people, cared for the sick, and empowered individuals worldwide more than any other endeavor in history. Your daily work can have a profound impact.

To clarify, it is not an economic system's responsibility to provide meaning for individuals; that is a personal endeavor. However, the moral purpose inherent in the free market is an undeniable benefit for those who prioritize serving others.

Although imperfect, the free market has achieved remarkable feats. It has significantly reduced the percentage of people living in abject poverty from 90% to 7% in the present day. Most of those remaining in poverty reside in unfree economies.

While the free market has flaws, it remains superior to alternative options. Its capacity for self-improvement is often hindered by regulatory intervention, which can create moral hazards. Nevertheless, free markets persist in its unrivaled ability to make the world a better place.

In the face of adversity, for-profit companies contribute to a system that works to alleviate poverty, fortify communities, and fulfill employees. Let us take today's challenges as an opportunity to refocus on what truly matters – serving others effectively and elevating that performance indicator.

#FreeMarket #Business #Economics