Capitalism's creation of jobs, wealth gives hope to poor, says Novak

Published: 2005-05-10

ROCKVILLE CENTRE, N.Y. (CNS) -- Theologian Michael Novak has succinct advice for people in business who want to serve humanity: Make a profit to create wealth and jobs. Business and capitalism are important forces for social justice and improving the lives of poor people, Novak said at a Molloy College forum in Rockville Centre. "There are 2 billion people in the world (of a total population of 6 billion) who are earning less than two dollars a day. "The only hope for them is small businesses," which can create jobs and provide them with income, Novak said. Novak, a fellow at the American Enterprise Institute in Washington and a recipient of the Templeton Prize for Progress in Religion, spoke recently on "Business as a Calling" as part of a series at Molloy marking the college's 50th anniversary. The talk was sponsored by Molloy's Center for Business Ethics.

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