Posted on 09/14/2015 6:45:31 AM PDT by Jack Hydrazine
Is capitalism moral or greedy? If it's based on greed and selfishness, what's the best alternative economic system? Perhaps socialism? And if capitalism is moral, what makes it so? Walter Williams, a renowned economist at George Mason University, answers these questions and more.
You can support Prager University by clicking here. Free videos are great, but to continue producing high-quality content, even small contributions are greater.
LIKE us on Facebook!
Follow us on Twitter!
If you are an educator and are interested in using material like this in your classroom, click here.
depends - is it greed to want to keep what you earn, or to control what others earn?
Capitalism is the most deeply moral economic system that ever existed. It pulled literally hundreds of millions out of poverty. It creates the only mechanism to rationally allocate the earth’s resources. It is better at protecting the environment than statism. The state and state control of the economy may be OK in theory but in practice it is deeply corrupt and evil.
Socialism like to pretend greed only exist in capitalism. The most greediest people are Socialists
In capitalism, greed is controlled by fear of losing. Under Socialist, greed get out of control because there’s no fear of lost
Socialism is the personification of envy. Envy is used as an excuse to execute greed on behalf of others for their own benefit.
I have not lived under capitalism. With the FED contorting money, the unelected make laws and control business Capitalism had freely functioned in the USA.
Are Communism, Socialism, Islamic States... Moral? They have killed more people than all other sources of death combined.
That means millions of individual competing interests which means freedom and individual liberty , competition, accountability to customers, efficiency and increasing technology. capitalism is home ownership, small businesses, entrepreneurs.
The more government regulations and the more government takes over an industry the less efficient and more corrupt it is. Industries where there is more government involvement or regulations as in the government schools, VA, Obama care etc. are less efficient than those where government is less involves as in the software,Internet industries, or electronics industry which have less government involvement. Government schools ,VA, vs Amazon , dollar tree , Toyota, Samsung, APPle, Google
Socialism is the opposite . socialism doesn't work, results in tyranny inefficiency, poverty for all, bread lines, oppression and misery for all .See what's happening in Venezuela.
socialism doesn't work because it is a government monopoly.
In socialism government owns everything (single payer healthcare) so there is government monopoly. That means tyranny, oppression, government unaccountability , government oppression, poverty for all,
socialism = government monopoly = tyranny and a dictator as in Chavez, Castro , Stalin, Pol pot,
If Capitalism is not moral, then how is Socialism moral for being GREEDY and wanting what others earn? Isn’t that stealing? Is stealing moral?
Don’t forget that Thanksgiving Day is fast approaching. It is the holiday that celebrates free enterprise capitalism over collectivism!
https://www.youtube.com/watch?v=igdCrePWTF4
https://www.youtube.com/watch?v=66QdQErc8JQ
https://www.youtube.com/watch?v=lbjpzh087uU
BINGO!
Winner, winner chicken dinner!
People are moral, Capitalism is neutral. It is as moral as the people utilizing the Capital.
Therein lies the immorality of every economic system other than capitalism. All other systems involve forceful confiscation of thy neighbor's property. In capitalism, if you want something that belongs to someone else, you must produce something of value to exchange for it.
Capitalists are wrongly given the label of “Greedy” just because they want to keep the fruits of their labor for themselves and families.
In fact it is the socialists who are the real greedy ones.
-They want what they have not earned.
Indeed the justification for the redistribution of wealth can be boiled down to theft based on envy justified by the application of guilt.
I am sad to say, I think class war is inevitable.
Well put.
You get the Excellence in a nutshell award today.
That is a very good point. Left wing wants to apply a moral quality to material in general. Look at the basis of gun control, which is that an inanimate object can have a moral quality. The left in fact defines morality in terms of the material.
Dialectical Materialism introduced by Marx tried to redefine morality in terms of material instead of spiritual context.
Yes Capitalism is subject to cronyism, corruption, and manipulation; I’d like to know what system is better and not subject to the same weaknesses, we the people can have at least some control by instituting personal responsibility through caveat emptor.
The same is true of our Republic it has the same weaknesses but there is no better system, we the people need to be responsible for it, we the people have failed to protect, promote and defend our Constitutional Free Republic and its accompanying Capitalism.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.