Thursday, January 24, 2008

Good News for Capitalism

The Charleston Daily Mail reports that BB&T will donate $1 million to Marshall University. It reads in part:
The BB&T Charitable Foundation was expected to announce a $1 million gift to Marshall University's Lewis College of Business during a press conference today in Huntington.

The contribution, to be made over 10 years, will establish "The BB&T Center for the Advancement of American Capitalism," Phyllis Arnold, president of BB&T Corp. in West Virginia, said in remarks prepared for delivery at the event.

Arnold said the center's purpose will be to provide students with a solid grounding in the workings of capitalism and free-market forces. Components of the center's curriculum will include:

n An upper-level course focusing on the principles outlined in author Ayn Rand's book, "Atlas Shrugged," and author Adam Smith's book, "The Wealth of Nations."

n A lecture series, named the BB&T Lectures, with speakers advocating public policies that promote economic and political freedom.
This is good news because there are way too many businessmen who simply don't understand properly the nature of capitalism as evidenced by this post at Galileo Blogs.

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