Milton Friedman - Is Capitalism Humane? (Lecture) The Humanitarian Case for Free Markets! 

As someone who once thought I was a Leftist, I can relate. I thought I was Left until I noticed the authoritarian and anti-individualist core of their views. The far Right is just as bad, but the Left holds far more institutional power than the Right.

Well put. I’ve had a similar enlightening.

@@JohnDoe-xl1ig In Europe and Russia there are more nonviolent crimes such as fraud, theft, pickpocketing, and auto insurance fraud where many people are compelled to put cameras in their cars. In Britain and other parts of Europe you can be charged and convicted of a hate crime for public controversial statements that simply oppose prevailing beliefs. Most of America's crime occurs in segregated areas controlled by Leftists, such as all the major inner cities and their failing school districts. We corrupt incompetent Leftist buffoons running our large metropolitan areas.

@@JohnDoe-xl1ig Europe is weak and feckless and unable to protect themselves, they must rely on the US military for any type of protection.

+Anth bobo Sad truth.

too logical.

Saad*

Truth is a death sentence today

it's not a death sentence, it'll just cost you $600,000 for security

Bob and the Drone - Hitlary - this is the best prison name i ever heard.

+Zev Hoover 3:50

lol

He's really knows and believes what he says. And he is very consistent. Knows his facts well and history. Listening to Friedman is like taking a world history course.

He is reading a prepared speech. Why do you think he looks down at the podium here and there? He is still an excellent orator.

I am more than sure that he wrote the entire thing himself and only uses the notes to smooth the lecture. Almost nobody can continuously recite 45 minutes of a speech from memory without notes, and interrupting yourself to recall the next passage is distracting to the listeners.

James Carey check out his other ones this lecture s. mind you Isaw an interview with Hayek where he stated that he thought that Friedman was too much of a Keynesian for his liking.

The Honest men of world capitalism came to desire the property and markets of other honest men of world capitalism. The result was Imperialist war.

Mine too. Such a brilliant mind...Never get tired of reading his books and watching his speeches.

I defend the social democrats there who only demand that everyone have housing, food, helathcare, education. Ofc means to a degree taking away, but not in the same way to a Lenin. However I think the delclaration of entitelment is wrong and should much rather be set as abstract goalsw that any good societiy should aim to follow by means at disposal, however not guranteeing it

By preventing a concentration of power you prevent worse.

The pursuit of neo liberalism, the claim's of winning the "cold war", Bushes "New World Order", the crisis of 2008, the 20 year war and 2.3 trillion spent on nation building are what have brought on the problems capitalism faces. As Marx quipped Capitalism digs its own grave. The long retreat by labor is over. The fear of socialism comes as the ruling sees its own death on the horizon.

So then you would agree that Intelectual property as exploited by Apple and Microsoft is a barrier to development. That Freedman's over glorification of capitalism is wrong and giving hereditary power to a Bill Gates is wrong.

This is easy way to compute sewer fees. Don't get paranoid.

Abolish Private property as their was never a reason to allow the development of a Bill Gates in the first place even more so now.

75-76 if I'm not mistaken

I did a speech to text transcription here forgive the errors: docs.google.com/document/d/1ld0rj6_vqQ-ztzPNJBAS6hbap9XHaFDWUMYv4keeTw4/edit?usp=sharing Grab a copy of 'Free to Choose" and "Capitalism and Freedom" off my reading list www.amazon.com/shop/basiceconomics

longplainfirstnation different letters?

***** That gave me a good laugh. You have won RU-vid for the day.

Anthony Haller I would like to sell it please Tony.

***** Who shall it be sold to?

Anthony Haller the Mongolians. They never bother anyone. Not for a while now.

21:00

12:02

I would suggest that there has never been a capitalist country in existence, where all property is privately owned and individuals have full allodial title to their property and no transactions were regulated by a third party.

I would agree with both of you. Would it then be fair to say that attempting any such systems is all an illusion as the Feudalism (for lack of a better term), mentality will always hijack any system or that they have never succeeded their power just masquerade it with different terminologies. The mathamagicians and slight of hand language manipulation, yet, underneath is the same old empire with land barons and serfs.

Of course there are capitalist societies. It is the reason why the top 1% own 90% of all property. Capitalism by very definition, is where the means of production are LARGELY owned by private interests. This is the case worldwide and anyone who thinks the Government owns things is misled. And feudalism died long ago. It has expanded into capitalism as Marx said it would.

So if you own a piece of land, and you don't pay property taxes, will the government not take the land? If you build a building on the land without getting a permit, can the state not force you to destroy it? If the state decides they want "your" land, can they not force you off and only recompense you with "fair market value"(don't know about elsewhere, in Canada they certainly can)? If you decide you want to mine the minerals on "your" land, are you not forced to also buy the mineral rights, go through boatloads of permits, and then pay the state a royalty? Individuals cannot own land. It is only leased, and the illusion of ownership is given to allow for tax revenue and control. Does the government not take on debt and use the future labour of its citizens as collateral? Part of the reason for their being a war on drugs is the state needs its citizens to be good little productive members of society. The government's abilities to collect from drug revenues are limited. Let's go by your definition of capitalism. Can the state not force a business to cease it trade if it decides that there is a monopoly, or if it wants to run the monopoly itself, or simply make the product illegal? Are farmers not subsidised to the Nth? Can the state not block mergers? Again, there is the illusion of private control, but really the state has complete control. You are from Australia, no? Is it not a constitutional monarchy?

Of course the State has control. But when I refer to the ownership of land, I am talking about the 'legal title' of land. Maybe I misrepresented myself, which I will concede and perhaps my legal brain wasn't working too well. In Canada and in Australia, you don't own the land. Nor does the Government. The Queen (Sovereign) owns the land. In other countries it works differently. But for the example you just gave, I must point out the inaccuracies. You only share an interest in that land (whether it be a claim to the land or a legal estate). People in government and the owners of large corporations unfortunately own most of the wealth (90% to be approximate). To understand property rights, one must understand that property is a socially constructed principle. Therefore, the people with the power control the demarcation of these property rights, which is why so many people have them taken away, as you say. It is the reason why women own 1% of all world property, why black americans are amongst some of the poorest people in the world etc. In my country, the Aborgines had their land taken from them as a result of Colonialisation and property rights have been shaped to disbenefit them even more in the 21st Century. Besides, even if I concede your argument, mine still stands. If the Government does have complete control, then that does not make Capitalism anymore humane; when many Governments are pre-selected by the media and other large corporate interests. And as to the war on drugs, I agree that some drugs should be prohibited, but many should be de-criminalized/legalized and taxes can be made in the same way that Colorado and many other States do.