Barack Obama. Oprah Winfrey. Robert Johnson. Dick Parsons. Bill Cosby. Michael Jordan. Tiger Woods.
It goes without saying that all of these individuals owe a great deal to Martin Luther King Jr., who is remembered today on the anniversary of his birth.
Milton Freidman. Frederich Hayek. Ayn Rand. Adam Smith. Ronald Reagan. Jack Kemp. Arthur Laffer. Dick Armey.
It might be less obvious that this second group owes every bit as big a debt to King’s legacy.
King’s legacy isn’t just about civil rights; although that is quite appropriately the reason most people celebrate him today.
But he also fought against, in his own way, with his own style, the restraint of the free market, even though he might not have known it at the time.
King may have thought himself a democratic socialist, and David Garrow, the historian, said that he told close friends that he considered himself a Marxist. In fact, he once said, “good and just society is neither the thesis of capitalism nor the antithesis of communism, but a socially conscious democracy which reconciles the truths of individualism and collectivism.”
That doesn’t sound very much like a committed capitalist, now does it?














