Morality of Capitalism

Transcript

00:01 |

Initial credits
00:19 |

Introduction
02:59 |

Capitalism
- Moral social system
- What is capitalism?
- Freedom
  - Property rights
  - Real private property
  - Individual decisions
  - Why does capitalism provide freedom?
  - Self-interest
11:06 |

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
24:17 |

Capitalism and government
- Property and freedom
- Initiation of force
- Political alternative
27:16 |

Theocracy
27:52 |

Basic requirements of human life
- Action
- Production
- Society
- Social parasites
- Physical impediments
32:20 |

Acting on rational judgments
Social context
33:01 |

Physical force
- Degrees of physical force
- Physical assault
- Kinds of force
  - Physical force
  - Indirect force
    - Business freedom
    - Cancer cure example
45:14 |

Basic means of survival
- Moral principle of individual rights
- Freedom of action
- Capitalism
- Contradiction of capitalism
- Barack Obama
- Challenge to the status quo
51:01 |

Morality of socialism
51:30 |

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
01:01:09 |

Principle of individual rights
- Rationality
- Productivity
- Honesty
- Independent thinking
- Justice
01:07:05 |

Rational egoism
- Principle of egoism
- The poor
- The disabled
- The helpless
- Charitable donations
01:16:51 |

Morality of capitalism
01:17:22 |

Quotes Ayn Rand
01:17:47 |

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
01:47:47 |

Final words
01:48:31 |

Final credits

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