In this video, Craig Biddle identifies and concretizes the essence of capitalism; compares it to those of communism, socialism, and fascism; and shows why only capitalism is consistent with the requirements of human life and happiness—and thus only capitalism is moral.
Craig Biddle
Craig Biddle is editor and publisher of the Objective Standard, a journal of culture and politics, and author of Loving Life: The Morality of Self-Interest and the Facts that Support It. He also writes for the Capitalism Magazine website. He is a member of the speaker’s bureau of the Ayn Rand Institute and lectures on ethical and epistemological issues from an objectivist perspective.
Milton Friedman Auditorium Universidad Francisco Marroquín Guatemala, October 28, 2009
A New Media - UFM production. Guatemala, November 2009 Camera: Mario Estrada, Joni Vasquez; digital editing: Adrián Méndez; index: Sergio Bustamante; synopsis: Craig Biddle; index reviser: Jennifer Keller; publication: Mario Pivaral/Carlos Petz
This work is licensed under a Creative Commons 3.0 License Este trabajo ha sido registrado con una licencia Creative Commons 3.0
Content
Initial credits
Introduction
Capitalism
Moral social system
What is capitalism?
Freedom
Property rights
Real private property
Individual decisions
Why does capitalism provide freedom?
Self-interest
Alternative systems
Communism
Lack of individual decisions
No private property
Mantra of communism
Moral premise of communism
Examples of communism
Socialism
Government intervention
Mantra of socialism
Moral premise of socialism
Fascism
Adolf Hitler
Property control
Group association
Government intervention
Degrees of fascism
Recent events in the United States
Absence of capitalism
Capitalism and government
Property and freedom
Initiation of force
Political alternative
Theocracy
Basic requirements of human life
Action
Production
Society
Social parasites
Physical impediments
Acting on rational judgments
Social context
Physical force
Degrees of physical force
Physical assault
Kinds of force
Physical force
Indirect force
Business freedom
Cancer cure example
Basic means of survival
Moral principle of individual rights
Freedom of action
Capitalism
Contradiction of capitalism
Barack Obama
Challenge to the status quo
Morality of socialism
Self-sacrifice
Sacrifice
Net loss
Altruism
Service to others
Life and happiness
Pity
Religious authorities
Social consensus
Appeal to force
Delayed gratification
Argument from intimidation
Morality of sacrifice
Principle of individual rights
Rationality
Productivity
Honesty
Independent thinking
Justice
Rational egoism
Principle of egoism
The poor
The disabled
The helpless
Charitable donations
Morality of capitalism
Quotes Ayn Rand
Question and answer period
Does temporary sacrifice have a long-term benefit? What is gratitude?
What are Ayn Rand's views on taxation?
If I consider the Food and Drug Administration to be a wise advisor, am I violating my moral standards?
Could the intervention of Austrian economists, like Henry Hazlitt's in the New Deal, be considered moral?
Invalid defense of capitalism
Final words
Final credits
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Universidad Francisco Marroquín
6 Calle final, zona 10
Edificio de la Escuela de Negocios
Oficina EN-103
Guatemala, Guatemala 01010
Teléfono (+502) 2338-7700 ext. 7849
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