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

VN:F [1.9.22_1171]
Have Your Say! Rate This Film!
Rating: 5.0/5 (2 votes cast)

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.


Read more

VN:F [1.9.22_1171]
Have Your Say! Rate This Film!
Rating: 5.0/5 (2 votes cast)
The Real Story of Thanksgiving (Full Version), 3.1 out of 5 based on 7 ratings
< |||| > 1 2 3 4 5

The Real Story of Thanksgiving (Full Version)

VN:F [1.9.22_1171]
Have Your Say! Rate This Film!
Rating: 3.1/5 (7 votes cast)

The story of Thanksgiving, with its costumed Pilgrims, turkeys and pumpkin pie, zigzags through American history with some surprising twists.
In the 19th Century, some southern states thought Thanksgiving was an abolitionist plot and refused to celebrate it and Thanksgiving didn’t become an annual national holiday until World War II.
Thanksgiving… What started as a somber Puritan day of prayer is now about commercial sales, football and food.
How did we get there?



VN:F [1.9.22_1171]
Have Your Say! Rate This Film!
Rating: 3.1/5 (7 votes cast)
The Real Story of Thanksgiving (Full Version), 3.1 out of 5 based on 7 ratings
Report Broken Video Link

2 comments to The Real Story of Thanksgiving (Full Version)

  • Bonnie

    So, in fact, the holiday was an outright thievery of original Native American Thanksgiving. As usually, stolen by the white Men.

    VA:F [1.9.22_1171]
    Rating: -1 (from 1 vote)
  • bsy

    Well at least you don’t have to feel obligated to buy presents. It’s kind of nice to take a rare break in the middle of the week and be with friends and family. No one is making you shop, watch tv or football. People that line up to go to walmart or kmart or minimart —it’s their lives.

    VA:F [1.9.22_1171]
    Rating: 0 (from 0 votes)

What Did You Think? Leave a Reply

Republic Broadcasting Live Stream