On the Best Arguments Against Free Market Capitalism (Part I)

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Stephen Hicks
November 5, 2011 | Universidad Francisco Marroquín | Duración:..

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Liberty has always encountered barriers through time, regardless of the benefits it portrays to those societies that embrace it. Stephen Hicks compiles arguments against free market capitalism that have prevailed in the human mind, and explains the various aspects that support this opposition. In this first part he speaks, among other arguments, about the dog-eat-dog conception regarding the liberal economic and social systems; he also describes the different aspects in which it can be disqualified as a valid argument, due to the misconceptions and fallacies it bears with it.



Credits

On the Best Arguments Against Free Market Capitalism (Part 1)
Stephen Hicks

Student Center Building, CE-200
Universidad Francisco Marroquín
Guatemala, November 5, 2011

New Media - UFM production.  Guatemala, December 2011
Camera/digital editing: Luis Barrueto; index and synopsis: Sergio Bustamante; content reviser: Sofía Díaz; publication: Daphne Ortiz, Sofía Díaz


Imagen: cc.jpgThis work is licensed under a Creative Commons 3.0 License
Este trabajo ha sido registrado con una licencia Creative Commons 3.0

Stephen Hicks

Stephen Hicks
Stephen Hicks is professor of philosophy and executive director of the Center for Ethics and Entrepreneurship at Rockford College. He has been visiting professor of business ethics at Georgetown University, a visiting fellow at the Social Philosophy and Policy Center in Bowling Green, Ohio, and senior fellow at The Objectivist Center in New York. He is the author of Nietzsche and the Nazis, Explaining Postmodernism: Skepticism and Socialism from Rousseau to Foucault, Readings for Logical Analysis, and other books. Hicks received his bachelor's and master's degrees from University of Guelph and his PhD in philosophy from Indiana University.

Source: www.stephenhicks.org
Last update: 22/11/2011

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Slides
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Initial credits
Introduction
Occupy Wall Street protests
Index of Economic Freedom 2007
World income and population for the last 2,000 years
Opposition to liberty
Dog-eat-dog argument
Competition issues
Opportunities in capitalism
Individual loss
Time implications
Collective arguments
Failure possibilities
Gains through failure
Free market dynamism
Blacksmith's analogy
Value creation
Emotional implications
Abstract ideas
Comparative economics
Socialist metaphor
Moral virtues
Destructive competition
System predators
Comparison between predation and competition
Win-lose relationship
Responsive strategies to the argument
Economics
Ethics
Politics and the rule of law
History
Middle East case
Final words
Final credits
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