The free market is filling the gap when budget cuts are closing down government services. And of course they are cheaper, more efficient and more in tune with customer wants and needs.
Peter Schiff gives a great talk which covers quite a lot of ground. What is money? How did the world leave the gold standard? What are the consequences? Is capitalism or the free market to blame?
This talk was apparently given as a part of a bigger event with other speakers, including Ron Paul.
Seriously, this is really good stuff.
The classic pencil movie in new shape.
“This is the modern world. It’s miraculous, it’s intricate, and it gets better every day so long as people are free to interact with each other. If we can leave the creative energy of humankind uninhibited, there’s no limit to what we can accomplish.”
The environmental agenda has been infected by extremism—it’s become an economic suicide pact. And Free Market America is here to challenge it.
Is being pro-business and pro-capitalism the same? Does capitalism generate an unfair distribution of income? Was capitalism responsible for the most recent financial crisis? Dr. Jeffrey Miron at Harvard answers these questions by exposing three common myths of capitalism.
Part two of this series is even better than the first. Can’t to see the third! :)
People tend to blame bad business decisions on capitalism. For example, some business owners treat their employees poorly and would advance their own interests better by treating their employees well. Happy employees tend to lead to happy customers, which means more profit for all. People have a bad boss, and they blame the free market. “Government ought to step in where the free market fails,” they say.
This is like blaming oxygen for the actions of criminals. “If we didn’t have so much oxygen, criminals wouldn’t be able to breathe, and there would be less crime.”
It’s just as ridiculous to blame capitalism for the actions of business owners. The “oxygen” of business is unhampered, unrestricted capitalism.
Capitalism Magazine on capitalism today.
Got this video from Håkan Kindström Arnoldson, it does a great job of providing a somewhat oversimplified argument for the gold standard, but nevertheless the overall outcome is really good :)