Loading...

Why Capitalism Works

579,659 views

Loading...

Loading...

Transcript

The interactive transcript could not be loaded.

Loading...

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Mar 10, 2014

Cultural depictions of capitalism are almost all negative. There's the Monopoly guy with the top hat and cigar. There's Gordon Gekko saying, "Greed is good." And, most recently, there's the hedonism of the "Wolf of Wall Street". The message is clear: capitalism is selfish. Socialism, or something like it, is selfless. In fact, the opposite is true. Renowned social critic George Gilder offers this startling insight: capitalism, at its core, is first an expression of altruism; that is, of giving. An entrepreneur can only succeed by satisfying a customer's need. This is why capitalism, and only capitalism, can create the prosperity that all societies crave and why all other economic prescriptions are doomed to failure.


You can support PragerU by clicking https://www.classy.org/checkout/donat... videos are great, but to continue producing high-quality content, contributions -- even small ones -- are greater.

Do you shop on Amazon? Now you can feel even better about it! Click http://smile.amazon.com/ch/27-1763901... a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Charity made simple.

Visit us directly!

https://www.prageru.com

LIKE us!

https://www.facebook.com/prageru

Follow us!

Twitter: https://twitter.com/prageru
Instagram: https://instagram.com/prageru/

If you are an educator and are interested in using material like this in your classroom, click https://www.prageru.com/educators

  • Caption author (Portuguese (Brazil))

  • Category

  • License

    • Standard YouTube License

Loading...

Advertisement
When autoplay is enabled, a suggested video will automatically play next.

Up next

to add this to Watch Later

Add to

Loading playlists...