In a short animated film, the Competitive Enterprise Institute brings Leonard E. Read's 1958 essay "I, Pencil" to new life. How can learning about the making of a pencil help us understand the world? Watch the film to find out.
Milton Friedman appears in a video where he tells the story but emphasizes free market capitalism as the reason for the existence of pencils, it is almost word for word the same as this video. Why did you not mention him - or capitalism?
Two lessons: 1. an economic system must be decentralized, no person could put this together 2. wealth generated in a society is almost always the product of the society as a whole, it should be shared
I love the bit that says "There is a fact that is still more astounding - The absence of a mastermind, of anyone dictating these countless actions that bring this pencil into being." Someone should remind Klaus Schwab and the WEF of this fundamental principle.
Exactly. And more so, it applies to everything. It has been obstructed by kings, sultans, fashists, dictatorrs and even pure democracies. Or givernment has been meddling with it since Jackson. None of them improved it.
Wonderful movie to humanize the system. Corporations are not mentioned a single time, but people who "voluntarily" (funny one btw) work together many times. Good to keep us in a mood of acceptance and feeling good to carry on. Great job
"every second we are alive, we benefit from the products of voluntary spontaneous cooperation"... oh yeah i'm sure the people who mine graphite in china and sri lanka are certainly benefiting from this system
Am I the only one who noticed that Race, Gender, and Pronouns did not have a damned thing to do with the making of this magnificent tool...or the video? That is also an important lesson of this movie.
