FREE Video Library: Capitalism

: 10 minutes or less.  : 11- 36 minutes.   : Over 36 min. Fun:

 

• Milton Friedman - Is Capitalism Humane?
  Dr. Friedman speaks on the morality of capitalism. The question is irrelevant. Capitalism per se is not humane or inhumane; neither is socialism. If we compare the two in terms of results, it is clear that only capitalism fosters equality and works toward social justice. The one is based on the principle of voluntary cooperation and free exchange, the other on force of position and power. In a free economy, it is hard to do good; you either have to use your own hard-earned money to do it or work hard to persuade others to your course. But by the same token, it is difficult to do harm because by preventing a concentration of power, capitalism prevents people from committing sustained, serious harm. Is capitalism humane or inhumane? It is neither. But it tends to give free rein to the human values of human beings.
• Milton Friedman and Phil Donahue On Socialism v. Capitalism
  This is arguably the best explanation of the value of free market capitalism EVER. Pretty much everything everyone does is driven by self-interest and this notion that political self-interest is somehow more noble than economic self-interest has never proven to be true throughout all of human history.
• John Stossel - In Defense of Capitalism
  Progressives attack capitalism because it lets some become very rich while others stay poor. Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez call such a system “immoral.”