Milton Friedman Speaks - Season 1 Episode 5 Is Capitalism Humane? (Lecture)
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Trailer | HD | 48 minutes | economic theory, libertarian
The question is irrelevant. Capitalism per se is not humane or inhumane; nor is socialism. If we compare the two in terms of results, it is clear that only capitalism fosters equality and works toward social justice. The one is based on the principle of voluntary cooperation and free exchange, the other on force of position and power. In a free economy, it is hard to do good—you either have to use your own hard-earned money to do it or work hard to persuade others to your course. But by the same token, it is difficult to do harm because by preventing a concentration of power, capitalism prevents people from committing sustained, serious harm. Is capitalism humane or inhumane? It is neither. But it tends to give free rein to the human values of human beings. Recorded at Cornell University
Genre: Documentary
Director: Milton Friedman, Bob Chitester
Cast: Milton Friedman
Country: United States of America
Studio:
First Air Date: Jan 01, 1978
Last Air date: Apr 09, 1978
Episode: 30 Episode
Season: 1 Season
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