by hootsbox

Here's a great clip to start some dialogue about Capitalism in comparisson to other political systems in the world. This is especially true when we view the OWS crowd (many of them but not all admittedly) with their anti-capitalist sentiments, the riots in Greece, and the decline of many of the western European systems with their riots, close bankruptcies, dependent classes, and inability to make necessary changes (without protests and violence) to make their countries fiscally viable. For those that are interested, in addition to this clip, you may want to read Fredrick Hyek's, "The Road to Serfdom". He lived through both the rise of Communism in Eastern Europe (which started out as a progressive sentiment for "social and economic justice"), and the rise and fall of the National Socialist Party in Germany (better known as the Nazi party headed by Adolf Hitler). As we have seen from history, the only "socialist" type economies would not even exist (like Norway, Denmark and Sweden) without marketing their wares in capitalist nations. Central planning is ruinous!

This is Phil Donahue interviewing Milton Friedman thirty years ago. ...only 2 minutes long. Great watching, especially since he's talking to Phil Donahue. Click here: A 31 year old video clip ABSOLUTELY worth your time!

http://dauckster.posterous.com/a-31-year-old-video-clip-abso...