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Power of the Market - The Pencil

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Milton Friedman uses a pencil to explain how the operation of the free market promotes harmony and world peace. (1 of 30) http://www.LibertyPen.com Source: Free To Choose Buy it: http://www.freetochoose.net/st...

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: LibertyPen

Length: 02:42
Rating: 4.6936936
Views: 132299

Tags: choose  free  friedman  harmony  market  milton  peace  pencil  power  world  lead  wood  Washington  steel  iron  ore  graphite  eraser  rubber  Malaya  british  brass  paint  glue  cooperation  voluntary  exchange  enterprise  trade  price  system  

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Video Comments

TailessLizard (November 30, 1999 at 12:00 am)
From were i come if you want a pencil youll have to make it yourself and sharp it with your teeth
Ramiromarmol (November 30, 1999 at 12:00 am)
This that somebody called: "Commodity Fetishism"
BasDeJongee (November 30, 1999 at 12:00 am)
wauw meneer verlee... hoog niveau hier -.-"
SlaveryEvolves (November 30, 1999 at 12:00 am)
@dirty1smelly1turban There's two things wrong with that. First of all, one example (or even plenty of examples) is not sufficient to show that it's always the case. But worse than that, america is far more than just capitalist. It's a democratic republic. There are plenty of kinds of capitalist systems (all pretty much save for socialist and fascist). Perhapse the problem lies in a democratic rebulic system and not in a capitalist system?
dirty1smelly1turban (November 30, 1999 at 12:00 am)
@antirelic if you have something to say to me, you can press the reply button. the ignorance in your comment is truly amazing! COMMIE? are you insane? where did i state i support communism in any way? i can tell your IQ must be through the roof *sarcasm
dirty1smelly1turban (November 30, 1999 at 12:00 am)
@netster007z no. 
dirty1smelly1turban (November 30, 1999 at 12:00 am)
@SlaveryEvolves how does it not? read the definition of each, look at what america is like, turn on the news. its quite clear america is a corporatist oligarchy. it was a capitalist state until corporations went out of control some 50 or so years ago.
dirty1smelly1turban (November 30, 1999 at 12:00 am)
@samarthdevendra001 poverty levels decreasing? 1 in 3 americans are at the poverty line. the gini coefficient of america is as low as african countries. post scarcity has nothing to do with equal wage, it has nothing to do with socialism, capitalism, corporatism, totalitarianism, or any other -ism that is in effect present day. it is a complete overhaul of how society works at its core. also, socialist countries like germany, canada, france, etc are the most well off so that proves you wrong.
samarthdevendra001 (November 30, 1999 at 12:00 am)
@dirty1smelly1turban well sir its working and working just fine poverty levels around the world are decreasing and will continue to decrese untill socialist ppl like you get a political foothold....call it post scarcity, equal wage society and what ever you want to.... packing rotten piss in a new bottle dosent make it any better...socialism has never resulted in a prosperous society and never will no matter what....
SlaveryEvolves (November 30, 1999 at 12:00 am)
@dirty1smelly1turban How does capitalism lead to corporatism? This doesn't seem to follow at all.
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