The Incredible Bread Machine Film

A film by Theo Kamecke. Written by Karl Keating, Susan Love Brown, Patrea Post and Stuart Smith; and released in 1975 by World Research, Inc. Based on Richard Grant's provocative poem, "The Incredible Bread Machine". This film features a cameo appearance by Murray N. Rothbard.

Special thanks to Theo Kamecke for making this video available.

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[nonantianarchist]

If the price is higher, it's gouging.

If the price is lower, it's cutthroat competition.

If it's the same, it's collusion.

Hold still, little fish, we mean only to gut you.

[sharperguy]

This is so much better than Zeitgeist.

[dfjpr]

@immikeurnot Arguably, If we spent more % of national income on food, prices would rise, but so would investment in food production over other categories of production. Currently a great deal of of economic output is directed toward other output that probably should be directed toward food, in order to provide adequate food supply, in the place of another less valuable area of production.

If those in poverty had the capital, this would happen of its own accord by shifts in relative prices.

[rider92131]

This movie made quite an impression on me back when it came out in the 70's. That impression has stuck with me, inspired me, and stood the test of time. Our time. Even though I recently joined the GOP, I'm still very much a libertarian. BTW, there is a 60 minute YouTube version of this film that has Milton Friedman and other free market pundits weighing in.

[immikeurnot]

@dfjpr Amartya is unfortunately incorrect about food shortages no longer being caused by lack of production. Unless we're going to ignore North Korea and a few other places...

[lokiverloren]

it is a fallacy that increased productivity created by mechanisation causes unemployment. what happens in actual fact is that the whole marketplace grows in total money exchange volumes, meaning this money now created with lower costs is available for more exchanges. this then can enable new fields of  work that were previously of submarginal value becoming viable means of production.

[Nintendomanwill]

@abskebabs

I heard that Rothbard was, when on a bus in New York I think, accosted by a TV News Interviewer who was discussing the minimum wage, and thought Rothbard would be some leftist New Yorker I presume, and of course he met Mr Libertarian, Mr Anarcho-Capitalist, Mr Misesian Economist, Mr Negative-Rights Are The Hidden Basis Of Man's Dealings With Man, and naturally demolished the minimum wage for all viewers to see!

[Worldslargestipod]

@dfjpr 2nd post - This is why 1% of the population in a western country can supply all of the needed food without 99% unemployment and abject poverty as the result

[Worldslargestipod]

@dfjpr

This strikes me as the common argument that increases in productivity leads to unemployment. You can build a road with picks and shovels and employ more people, and even more still if you use spoons and forks.

But demand is not fixed or limited, people who are made more productive can now command the production of services that were otherwise impossible to produce given the economy, provided for by labor no longer needed for the basics.

[dfjpr]

eg. more efficient for 150m ppl to provide sufficient output for 300m ppl, and 150m unemployed bcs they are surplus to requirements. But this is clearly not sensible since the remaining 150m will be reduced to poverty, not due to lack of resources, but due to lack of income.

Amartya Sen in discussing development economics explains that food crises no longer occur due to lack of production, but to lack of purchasing power or employment.