The lecture dealt with the confusion about the word "capitalism" and the historical reasons why what is known as capitalism has little to do with the free market. You can watch the video here.
Let me know what you think.
Economic Liberty Lecture Series: Sheldon Richman from The Future of Freedom Foundation on Vimeo.
5 comments:
I am planning to show this video to my three Business Ethics classes at Metro State ( Denver, CO )
Joanne Yamaguchi , PhD
Loved the speech, you have convinced that I should never say I support capitalism. Should I start saying "I oppose capitalism", that might cause too much confusion, but i agree with everything you said in the speech. I have come to realize, there isn't an obvious and easily agreed definition of capitalism, and most people say crony capitalism is capitalism, so we better just accept it. In most ways saying people who support free markets means they support capitalism, is in fact trying to change the word of capitalism, and it hasn't caught on to the rest of population. You mentioned that the crony capitalism and non free markets that existed since the start of the United States. Where can I find these regulations and crony capitalism examples? I believe they exist, but I'm not an historian, and so most people don't believe me. Where can I find these examples to prove to them the United States was never a free market?
I don't want to speak for Sheldon, but I believe a lot of the historical information can be found in Kevin Carson's Studies in Mutualist Political Economy.
http://www.mutualist.org/id47.html
See chs. 4-7 in particular.
Joanne, thanks!
Matt, Carson's book is an excellent source. Also worthwhile is Jonathan Hughes's The Governmental Habit Redux.
Sheldon:
I saw your vid on Vimeo. They are excellent, and I think any current free marketeer and Kinsellesque critic of your thesis that's been written extensively on your blog should watch it.
I just put it up on YouTube:
Part 1:
http://www.youtube.com/watch?v=Ufm3v9n3x9Q
Part 2:
http://www.youtube.com/watch?v=DMKnFGxRbOU
Part 3:
http://www.youtube.com/watch?v=o_OcsaEyiwA
Part 4:
http://www.youtube.com/watch?v=1b9JcwZ_86c
Part 5:
http://www.youtube.com/watch?v=pNuz_tHDWCs
Part 6:
http://www.youtube.com/watch?v=5ypJFVCZNFU
Part 7:
http://www.youtube.com/watch?v=-Pydotgo3nY
Part 8:
http://www.youtube.com/watch?v=TGXkHE5L1II&feature=channel
I hope FFF and you don't mind me putting it on my YouTube. :)
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