A Marxian Case for Capitalism
The question of how to address poverty in the United States is complicated. Steven Horwitz, chair of the department of economics at St. Lawrence University, and Jeffrey Reiman, professor of philosophy and religion at American University, debate the level of government assistance that should be given to help the poor.
In this clip from the full debate, Prof. Reiman answers Prof. Horwitz’s question about the role he sees for markets in addressing the poor. Prof. Reiman says he is a believer in capitalism and a believer in free markets. He finds that capitalism has worked well to raise the general standard of living for the poor in the United States and elsewhere in the world. He has even written a book titled, A Marxian Case for Capitalism. But he suggests that these gains are general and that more should be done for the individuals who are struggling in our country. Prof. Reiman also argues that the current system has degraded the dignity of many of the poor and that there are many problems that stem from bad government programs. But, he says, he does not favor abolishing the role of government dogmatically.
Prof. Horwitz responds that the question of reducing government is not so much a dogmatic question as it is an empirical one. Has government worked at these things? Can it solve these problems? Prof. Reiman argues that perhaps the results are mixed. What do you think? Watch the full debate for more.