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.”

SDG,
The Farmer

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