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

During the third part of this lecture, Stephen Hicks continues to present arguments against free market capitalism. This time, he focuses on the disputed capability of human beings to control their freedom – an argument that specifically supports paternalism. He speaks about the role that society has in the creation of wealth, based on the false premise of debt as a social condition. He also analyses the metaphysical aspects from the religious point of view. These ideas condemn any type of liberty and search obedience as a supreme value, which essentially collides with the ethics and morals of a free society, formed by responsible individuals.