List server
Season
Season 1 Episode
- Season 1 What is America? (Lecture)
- Season 1 What is America? (Q&A)
- Season 1 Myths That Conceal Reality (Lecture)
- Season 1 Myths That Conceal Reality (Q&A)
- Season 1 Is Capitalism Humane? (Lecture)
- Season 1 Is Capitalism Humane? (Q&A)
- Season 1 The Role of Government in a Free Society (Lecture)
- Season 1 The Role of Government in a Free Society (Q&A)
- Season 1 What is Wrong with the Welfare State? (Lecture)
- Season 1 What is Wrong with the Welfare State? (Q&A)
- Season 1 Money and Inflation (Lecture)
- Season 1 Money and Inflation (Q&A)
- Season 1 Is Tax Reform Possible? (Lecture)
- Season 1 Is Tax Reform Possible? (Q&A)
- Season 1 Producer vs Consumer (Lecture)
- Season 1 Free Trade: Producer vs Consumer (Q&A)
- Season 1 Energy Crisis: A Humane Solution (Lecture)
- Season 1 Energy Crisis: A Humane Solution (Q&A)
- Season 1 The Economics of Medical Care (Lecture)
- Season 1 The Economics of Medical Care (Q&A)
- Season 1 Putting Learning Back in the Classroom (Lecture)
- Season 1 Putting Learning Back in the Classroom (Q&A)
- Season 1 Who Protects the Consumer? (Lecture)
- Season 1 Who Protects the Consumer? (Q&A)
- Season 1 Who Protects the Worker? (Lecture)
- Season 1 Who Protects the Worker? (Q&A)
- Season 1 Equality and Freedom in the Free Enterprise System (Lecture)
- Season 1 Equality and Freedom in the Free Enterprise System (Q&A)
- Season 1 The Future of Our Free Society (Lecture)
- Season 1 The Future of Our Free Society (Q&A)
Milton Friedman Speaks - Season 1 Episode 5 Is Capitalism Humane? (Lecture)
10.00 48 minutes The question is irrelevant. Capitalism per se is not humane or inhumane; nor is socialism. If we compare the two in terms of results, it is clear that only capitalism fosters equality and works toward social justice. The one is based on the principle of voluntary cooperation and free exchange, the other on force of position and power. In a free economy, it is hard to do good—you either have to use your own hard-earned money to do it or work hard to persuade others to your course. But by the same token, it is difficult to do harm because by preventing a concentration of power, capitalism prevents people from committing sustained, serious harm. Is capitalism humane or inhumane? It is neither. But it tends to give free rein to the human values of human beings. Recorded at Cornell University
