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)
Uncovered: The War on Iraq (Full Version), 4.5 out of 5 based on 4 ratings
< |||| > 1 2 3 4 5

Uncovered: The War on Iraq (Full Version)

VN:F [1.9.22_1171]
Have Your Say! Rate This Film!
Rating: 4.5/5 (4 votes cast)

In this examination of the United States government’s case for the 2003 invasion of Iraq, filmmaker Robert Greenwald provides compelling evidence that the Bush administration misled American citizens in the run-up to war. Crosscutting interviews with CIA analysts, weapons inspectors and military brass with press conferences and speeches from Donald Rumsfeld, Condoleezza Rice and former President Bush, the film paints a thought-provoking picture.

 

VN:F [1.9.22_1171]
Have Your Say! Rate This Film!
Rating: 4.5/5 (4 votes cast)
Uncovered: The War on Iraq (Full Version), 4.5 out of 5 based on 4 ratings
Report Broken Video Link

What Did You Think? Leave a Reply

Republic Broadcasting Live Stream