Capitalism vs. the Free Market – Sheldon Richman’s Full Lecture

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Lecture by Sheldon Richman given as part of The Future of Freedom Foundation’s “Economic Liberty Lecture Series” on March 1, 2010. http://www.fff.org

Sheldon Richman is editor of The Freeman, published by The Foundation for Economic Education in Irvington, New York, and serves as senior fellow at The Future of Freedom Foundation. He is the author of FFF’s award-winning book Separating School & State: How to Liberate America’s Families; Your Money or Your Life: Why We Must Abolish the Income Tax; and Tethered Citizens: Time to Repeal the Welfare State.

Here’s a great short piece on the differences between capitalism and free enterprise from Rick Martin:

“When I tell people that capitalism and free enterprise are not the same thing, I typically get a deer-in-the-headlights look, followed by a clearly articulated “Huh?”  But they are not the same thing, and that is the subject of this piece.

Capitalism requires growth.  Free enterprise does not.  Capitalism can only be satisfied by “more.”  Free enterprise can be satisfied by “enough.”  Free enterprise can go on forever.  Capitalism cannot.

Free enterprise means that I am free to set up my own enterprise, say a general store, and the Federal Agents will not come knocking at midnight. As long as my expenses do not exceed my revenues, my enterprise can continue indefinitely without the need to increase my net worth.

Free enterprise requires freedom, but it does not require accumulation, or growth.

Capitalism, on the other hand, requires a return on investment (ROI).  It requires me to accumulate ever more capital. If I invest $100, by the end of the year, I had better realize a minimum of $106.  If I don’t, then my investment became negative, as the very roots of capitalism are planted in inflation.


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Don't Eat Your Toothpaste (Full Version), 5.0 out of 5 based on 1 rating
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Don’t Eat Your Toothpaste (Full Version)

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An eye opening documentary originally broadcast on Channel 4 in Great Britain on June 19th, 1997 covering health concerns about fluoride and water fluoridation. (Only 10% of Britain’s population is fluoridated).

The program is hosted by Shahnaz Pakraven, former presenter for Channel 4 and the Health Alert series, and anchor and reporter for Tomorrow’s World. Pakraven has also hosted for Arab World Direct and the Daily Breakfast programs. Before becoming a television presenter, Ms. Pakraven had spent over a decade as a motion picture actress.

Dr. Paul Connett, who at the time taught environmental chemistry at St. Lawrence University, gives information concerning fluoride’s health hazards and the controversy surrounding its use in water fluoridation. Connett is now the Executive Director of the Fluoride Action Network.

Dr. Andrew Thomas, a consultant Surgeon describes medical problems that are observed in the British health system among older patients that may originate from excessive fluoride exposure.

Dr. Michael Lennon is a Professor of Preventive Dentistry at the University of Liverpool and Chairman of the British Fluoridation Society. Dr. Lennon continues to lobby for increasing fluoridation all across the nation of Great Britain. He describes the reasons he and the BFS continue to strongly promote fluoridation.

Dr. Phillis Mullenix describes her research at the Forsyth Dental Institute at Harvard University. Mullenix was dismissed from her position after discovering and publishing the fact that fluoride causes clearly observable neurological damage in rats. Her research suggested there may be alarming levels of adverse health effects caused by fluoride exposure in human beings.

We also meet the developer of fluoride (MFP) in toothpaste, Dr. John Hein, and learn some interesting history about how energetic advertising helped to popularize its widespread use by the public. Dr. Hein, is now the retired Dental Director of Colgate Corporation, which continues to manufacture and sell fluoride toothpaste worldwide.

Dr. Peter Mansfield of the National Pure Water Association weighs in on the topic of fluoride exposure.

And, we witness the Quail family’s encounter with their daughter’s case of dental fluorosis and its irreversible consequences.

This program is presented as an open broadcast under fair use as an example of the controversy over fluoride that continues to this day in Great Britain

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