Walter E. Williams: Is Capitalism Moral? via Prager University
It is amazing how Walter E. Williams can put so much information about free market capitalism into this five minute video. The amount of insight per word is off the charts. You are going to want to watch this more than once. Thanks to Prager University for this.
Some excerpts from the video:
“The free market calls for voluntary actions between individuals. There’s no coercion.”
“A free market system can only work if there is limited government. Limited government means you and I decide which businesses survive.”
“In a free market the ambition and voluntary effort of citizens not the government drives the economy. That is, people to the best of their ability shaping their own destiny.”
Related Article – Walter E. Williams: Voluntary vs Involuntary Exchange, or Seduction vs. Rape, at austrianaddict.com.
Related Article – Walter E. Williams: The Free Market Is Not Allowed To Work, at austrianaddict.com.