Capitalism Promotes Generosity

Capitalism has an unfair reputation for being about selfishness. It isn't. It's about choice. And one of those choices which we are particularly mindful of around Christmas is the choice of giving. In this Christmas special of "What Would Hayek Say" we take a look at how capitalism and individualism not only promote more prosperity, but also encourage us to be more generous to strangers.

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Scott B. Nelson is Research and Strategy Advisor at the Austrian Economics Center and Hayek Institut in Vienna, Austria. He is author of "Tragedy and History: The German Influence on Raymond Aron's Political Thought". His latest book is "Cicero, Politics, and the 21st Century". Nelson heads the reading group The Vienna Symposium (https://vienna-symposium.com).

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