Walter Williams' 2012 Commencement address

Walter's address starts this way:

"Markets and Morality"Dr. Walter E. Williams 

Benjamin Franklin said “A frequent reference to fundamental principles is absolutely necessary to preserve the blessings of Liberty, and keep a Government free." That is what I would like to do today – talk about fundamental principles. 

How often do we hear the suggestion that free markets or capitalism is immoral? Some of the alleged injustices of capitalism include that it is a system where there is unfair distribution of income, there is greed and materialism where the rich get richer whilst the poor get poorer, and there’s systematic bias in favor of big business and bias against the little guy. . . .