Is Capitalism Moral?
5-Minute Videos | PragerU
PragerU
4.8 • 6.9K Ratings
🗓️ 7 January 2019
⏱️ 5 minutes
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| 0:00.0 | Many people believe that free market capitalism is selfish even in moral. |
| 0:07.3 | They say it's about greed, about hunger for money and power, that it helps the rich |
| 0:12.6 | and hurts the poor. |
| 0:14.0 | They're wrong. |
| 0:15.4 | The free market is not only economically superior, it is morally superior to any other way |
| 0:22.7 | of organizing economic behavior. |
| 0:25.8 | Here's why. |
| 0:27.4 | The free market calls for voluntary actions between individuals. |
| 0:32.4 | There's no coercion. |
| 0:34.1 | In a free market, if I want something from you, I have to do something for you. |
| 0:40.2 | Let's say I mow your lawn and you pay me $20. |
| 0:44.1 | What does that $20 really mean? |
| 0:46.5 | When I go to the grocer and say I would like to have four pounds of steak. |
| 0:51.8 | He in effect says to me, you want a lot of people to serve you. |
| 0:57.1 | Ranchers, truckers, butchers, and packages. |
| 1:01.4 | All these people have to be paid. |
| 1:03.7 | What did you do to serve your fellow man? |
| 1:07.1 | Well, I say I mowed my fellow man's lawn and the grocer says, prove it. |
| 1:13.5 | Then I offer him the $20. |
| 1:16.6 | Think of the money that you've earned as a certificate of performance. |
| 1:21.3 | It's proof that you've served your fellow man. |
| 1:25.5 | People accuse the free market of not being moral because they say it's a zero-sum game, |
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