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The moral defense of American capitalism begins with the admission that it is not perfect. Every system can be improved, and the moral task of American free enterprise requires that its immoral aspects be constantly fought and that human welfare be further enhanced.
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Philanthropy
Philanthropy on a large scale is criticized because the system should not allow individuals to accumulate such enormous wealth that they can indulge in such great philanthropy. A more equitable society would not have any superrich with the ability to contribute so much. Nor would a more equitable society have the need for individual philanthropy and charity, if the needs of people were properly addressed by society as a whole.
Copyright 2011 Pearson Education. All Rights Reserved.