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The Case for Anarcho-Capitalism. David Friedman and Keith Knight.
Description
0:00 - Quote from Machinery of Freedom
1:01 - How would you define capitalism, and why is it morally superior to socialism?
5:26 - Why is it important to have an understanding of property?
9:10 - Why should the poor advocate capitalism/free markets?
22:45 - Does market failure justify a state?
35:24 - Does the “capitalist” exploit the consumer and worker via iPhone?
40:10 - Does freedom include positive rights? - Freedom vs. Power
47:46 - Inequality
48:23 - Define government
50:02 - Define anarchism
50:42 - Would anarchy lead to chaos? (spontaneous order)
51:44 - Best examples of stateless societies?
55:14 - What about monopolies?
56:33 - Without government the poor would die from poverty
58:09 - Law’s Order - Most important message
59:08 - Biggest criticism of the Austrian school of economics?
1:01:37 - Most important thing you learned from…….
Adam Smith
David Ricardo
One Book for everyone to read
Milton Friedman, your father