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Capitalism: Movie Clip Showdown

Thursday, April 28, 2011

Part three of our First Principles debate series between Demos and the Ayn Rand Institute is scheduled for Monday, May 2nd and asks "Capitalism: Is it Moral?" Below are some listener-suggested movie clips about capitalism. We've paired them in group of two - below each pair check a box and tell us which you like better!

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Comments [2]

geTaylor from Bklyn.,NY


Trickling Down!

http://econstories.tv/2011/04/28/fight-of-the-century-music-video/

Apr. 28 2011 05:52 PM

Rather than ask if it is moral, why talk about what it provides and does it provide what we want?

I believe that people would overwhelmingly answer 'no'.

I suggest we take a look at games. You can say that life is not a game, and I might agree, and we won't find the complete answer here, however I think it's worth noting that multiplayer games such as World of Warcraft take great care in designing their games so that capitalism is not possible. That game, and others, provide an auction house and can be said to have an economy, one that is very intentionally created.

The reason why is that capitalism is not fun in games. The corollary in life is that capitalism makes life "not fun", or very difficult, for all except a very few.

If you were to ask many hardcore gamers, game theorists, or perhaps even anyone who has played 'Monopoly'.

When you factor in that 'new players' are born every day in this 'game' of life.

Another aspect that capitalism does not address is : "What if one or more generation or one or more race's generations made a 'bad deal' with the rich?" Their children pay for it. When you ask that question, it's easy to think of slavery as a 'bad deal', though of course slavery was not a choice made by blacks. But let's imagine for a moment that it was. That for some reason several generation of blacks agreed to slavery for some short-sighted financial gains which were quickly lost?

How would we correct for that? Capitalism offers no answer. It offers no answer to address issues of inequality based on historical events.

Of course, we have moderating features in our system. Programs, such as education, flawed as it is, which provide social mobility. We don't have pure capitalism.

It becomes a question of how much capitalism we want which brings me back to my original statement. Does it provide what we want and what do we want?

And the answers are varied and numerous.

Apr. 28 2011 10:58 AM

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