Transcript
  • 00:00    |    
    Initial credits
  • 00:06    |    
    Introduction by Yaron Brook
  • 00:17    |    
    Why Capitalism and Free Markets work?
  • 01:24    |    
    Reasons why capitalism is rejected
  • 02:09    |    
    Crises and opportunities in the world
  • 03:00    |    
    The Hong Kong economic model
    • The free market behind Hong Kong's prosperity
    • Greece and Hong Kong: A comparison between small and big state
  • 05:20    |    
    United States: Economic growth in 19th century
  • 05:46    |    
    Contributions of economists on theory, reality and history
  • 07:10    |    
    Attitudes toward moral and ethical values
  • 08:14    |    
    The misconception of "free market economy" before the 2007´s financial crisis
  • 09:17    |    
    The 1930´s American great depression and its causes
  • 10:09    |    
    Goal of Capitalism
    • Goal of trade: Steve Job´s iPhone example
    • Selfishness in production, trade and business
    • The pursuit of happiness in Capitalism and markets
  • 14:01    |    
    Self-interest in Capitalism
    • Adam Smith´s "butcher, brewer and baker" parable on book
    • Self-interest taught as a moral value
    • Moral ambivalence of sharing and trading
    • Society's view of selfishness
  • 17:55    |    
    Selflessness versus selfishness
  • 18:26    |    
    Guiltiness feeling as a manipulative tool
  • 19:30    |    
    Win-win transactions and the creation of wealth in a free market economy
  • 20:44    |    
    Bill Gates and wealth distribution
    • Society's view of Bill Gates
    • Helping people by making money instead of philanthropy
  • 23:18    |    
    Anecdote on philanthropy from society's point of view
  • 25:44    |    
    Business and the creation of the wealthiest and most prosperous country in the world
  • 26:14    |    
    Why Capitalism is losing the battle
  • The current ethical code and its inconsistency with Capitalism
  • 28:50    |    
    The ethical perception of public servants
    • J.P. Morgan versus Alan Greenspan
    • Trusting the public interested politicians, regulators and bureaucrats with more power
  • 31:23    |    
    Voting on the basis of ethics instead of economics
  • 32:57    |    
    Ayn Rand and the rejection of sacrifice and selflessness
    • Rational self-interest and its values
    • Our mind as the ultimate tool for survival and creation of value
    • Rationality: The number one virtue in objectivism
    • Self-esteem through objectivism
  • 41:36    |    
    Steve Job´s speech on finding an enjoyable work
    • The virtue in business
    • Life lessons in failure
    • Coercion impedes achievement
  • 46:57    |    
    book
  • 48:33    |    
    Questions and comments segment
    • What is your opinion on Corporate Social Responsibility?
    • What are your thoughts on Tocqueville´s ideas of enlightened self-interest and atomistic individualism?
    • If we focus on Capitalism, how is poverty going to be eliminated?
    • Is government necessary?
    • What is your opinion on autocratic states that push their economies toward a free market system?
    • How does Capitalism deal with religion?
    • Will Capitalism ever prevail as an economic system?
    • It is ethical that capitalist fast food restaurants use dangerous chemicals in their food?
    • What is your opinion on government regulations?
    • Without strict regulations, how do you identify an abuse in the system?
  • 01:17:51    |    
    Final credits


Free Market Revolution

New Media  | 07 de agosto de 2013  | Vistas: 14

Yaron Brook, director of the Ayn Rand Institute, explains why Capitalism and Free Markets work. Brook starts his presentation talking about Hong Kong and its economic model, contrasting their successful story to Greek crisis. He also suggests how through capitalism, current economic problems such as the debt crisis, the imminent inflation, anti-business regulations can be tackled. He also analyses the big challenge that all free markets defenders have to face against the arguments and rejection of this philosophy due to the misconception and misunderstanding of its philosophical basis.

Brook also cites the work of Ayn Rand who dedicated her life to study Capitalism and Objectivism philosophy and the clarification of the concepts: sacrifice, selflessness and selfishness.

 

 

 

 


Conferencista

Yaron Brook is President and Executive Director of the Ayn Rand…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín