The transcript for The American Revolution with Michael Novak in Washington DC as seen on Small Business School the series on PBS member stations.

An episode about democratic capitalism

last update: July 2005

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Capitalism Is Good For The Soul

HATTIE: But is capitalism good for the soul?

MICHAEL: Well, it's not the whole answer for what the soul needs. Man does not live by bread alone to quote a line, but it is good for the soul compared to the alternatives. When you introduce a capitalist economic order into a traditional order or into a socialist order, it stretches people.

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Transcript Segments

1.	Capitalism is the Only Proven Path from Poverty to Prosperity
2.	The American Version Of Capitalism Has Not Been Articulated Well
3.	Many Owning A Little Is Better Than a Few Owning A Lot
4.	Business Owners Are Not Elites
5.	Capitalism Requires A New Attitude About the Creation of Wealth
6.	Struggle for Improvement Is A Moral Duty
7.	Capitalism Does Not Thrive Unfettered
8.	Capitalism Depends Upon Hard-Working People
9.	Democratic Capitalism Is a three-Legged Stool
10.	Business Is Not About Greed
11.	Capitalism Is Good For The Soul
12.	Capitalism Is Organized Around The Mind
13.	Small Business Is The Most Important Institution In A Civil Society

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"That's the liberty we need."

Action resulted from the 2nd point - Case Study Guide - for the episode,
"The Capitalist School: A Study of the Soul of the American Economy."

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