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The-Morality-of-Capitalism-PDF

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free enterpriseFor Sir John Templeton, wealth creation was no accident<strong>of</strong> history, whether for the nations <strong>of</strong> the West or forthe billions <strong>of</strong> people struggling for basic necessitiesin the developing world. Human societies could experiencegeneral prosperity, he believed, only when they recognizedand established broad principles <strong>of</strong> freedom, competition,and personal responsibility. For him, individual freedomwas the indispensable foundation <strong>of</strong> economic, social, andspiritual progress.As one <strong>of</strong> the most successful investors <strong>of</strong> modern times, SirJohn understood the enormous contribution that free marketsand entrepreneurship could make to material improvement. Asa student <strong>of</strong> classical liberalism, from Adam Smith to MiltonFriedman, he also saw that, without economic freedom, individualfreedom was fragile and vulnerable. <strong>The</strong> Foundationhonors this pr<strong>of</strong>ound vision by supporting a range <strong>of</strong> programsintended to liberate the initiative <strong>of</strong> individuals and nationsand to establish the necessary conditions for the success <strong>of</strong>pr<strong>of</strong>it-making enterprise.www.templeton.org/ffe

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