Capitalism: The Solution to Global Oppression & Poverty (Video)
This post was submitted by Erik Oswald, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
In this lecture, Dr. Andrew Bernstein discusses why capitalism is the best system for men to live under, from both socio-economic and moral standpoints. Free markets are ideal for society:
- They make available an abundance of inexpensive and effective consumer products.
- They give the poorest among us the opportunity to rise into the middle and upper classes of society.
- They create an environment where man’s mind is able to function to the best of its ability.
Without the threat of political or economic coercion from an outside authority, society as a whole is able to flourish. It is no coincidence that the Inventive Period of the late 1800s to early 1900s in the United States was characterized by an explosion of new ideas, inventions, art, and inexpensive consumer goods. This just so happened to be one of the freest periods in our short history.
If the entire world could share in the freedoms that we enjoyed at the beginning of the last century, it would be a turnkey event to destroying global poverty and unleashing the creative brilliance of millions of individuals. No longer would they toil just to survive, but they could turn their creative energies to solving issues of want or need for the rest of us. Enjoy Dr. Bernstein’s lecture below, and visit his website for more information.
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