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Rubio: We Need to Restore Common Good Capitalism

Nov 5, 2019 | Comunicados de Prensa

Rubio: “Common-good capitalism is about a vibrant and growing free market. But it is also about harnessing and channeling that growth to the benefit of our country, our people, and our society. Because after all, our nation does not exist to serve the interests of the market. The market exists to serve our nation and our people.”
 
Washington, D.C. — U.S. Senator Marco Rubio (R-FL) addressed students at Catholic University’s Busch School of Business. Rubio spoke on “Catholic Social Doctrine and the Dignity of Work” building off his op-ed in First Things, titled “What Economics is For,” that focuses on the economy and dignity of work.
 
Rubio’s remarks as prepared can be found here. Rubio’s full speech can be viewed here. 
 
In a recently released report, Rubio outlines how economic growth is now more driven by finance than innovation in the production of real assets, a fundamental shift in the U.S. economy that has occurred over the last four decades. The report details how this has led to underinvestment in America’s economy and is driven by the consensus that the goal of business is to maximize financial return, leading to suffering on the part of the American worker and American industry.