Two Videos on Why Capitalism is Better Than Socialism

In light of the 20th anniversary of the fall of the Berlin Wall two days ago, consider this question: given the depravity of man, how should fallen societies organize economically? Milton Friedman (2:30) and Friedrich Hayek (3:23) argue that capitalism/free enterprise is far superior to socialism. Don’t miss this quote from Hayek: “Profit is the signal which tells us what we must do in order to serve people whom we do not know.”

The Farmer


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: