What War Does
Sponsored by Furman Conservative Students for a Better Tomorrow, 25 February 2012 at Furman University; Greenville, SC.
Sponsored by Furman Conservative Students for a Better Tomorrow, 25 February 2012 at Furman University; Greenville, SC.
Mainstream economics is fixated on market failure. The solution for mainstream economists is always heavy regulation. Capitalism permits global scale enterprises to thrive despite bureaucratic red tape.
Entrepreneurs are the driving force behind the markets and prices that provide goods and services to consumers. Human action looks to the future. Entrepreneurs shoulder risks and, if they guess right, collect profits as rewards. If wrong, they lose.
Private property is the only foundational institution that society needs to build a civilization. The 99% had rotten lives until there was a revolution in ideas in the 1700s. Laissez-faire ideas changed the ideas of the 99%. The industrial revolution flowered.
Narrated by Stefan Molyneux.
Part V: “Public Crimes”