The Reason Capitalism Works? Could it Be Altruism?[VIDEO]

Posted by UPmarketArt under Startups
From http://www.youtheentrepreneur.org 3867 days ago
Made Hot by: kingofcontent92 on April 5, 2014 12:55 am

Here's a video from Prager University that attempts to explain why capitalism continues to find success as an economic system:

The altruism and creative energy of most entrepreneurs.

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Comments

Written by UPmarketArt
3862 days ago

Personally, I feel that while the idea offers a very compelling explanation to why free market capitalism has survived this long, it fails to address the fact that realistically, there are no true free markets. Thanks for your insights!

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Written by tiroberts
3866 days ago

I've ne4ver thought of this topic in this way before. Interesting perspective.

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Written by lyceum
3866 days ago

Capitalism can't work with altruism in place. Altruism is represented by collectivist ideas, e.g., national socialism, socialism, fascism, communism, etc. Recommended reading:

Capitalism: The Unknown Ideal

Free Market Revolution: How Ayn Rand's Ideas Can End Big Government

Capitalist Solutions: A Philosophy of American Moral Dilemmas

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