In today's Pope Center piece, Michael Strong gives a ringing defense of programs such as those funded by BB&T that are designed to teach students about capitalism and particularly the value of entrepreneurship. Students usually enter college knowing little or nothing about the role of the entrepreneur, and most graduates leave with some degree of hostility toward business, thanks to professors who harbor an ignorant hostility toward capitalism. (In this article, Strong provides an example.) So if we think it a good thing for young people to complete their college studies with a more informed and realistic view of how economic progress comes about, what is wrong with programs like those BB&T has been promoting? Nothing, Strong argues.
- August 23, 2010