The Case for Anarcho-Capitalism. David Friedman and Keith Knight.

0:00 - Quote from Machinery of Freedom

1:01 - How would you define capitalism, and why is it morally superior to socialism?

5:26 - Why is it important to have an understanding of property?

9:10 - Why should the poor advocate capitalism/free markets?

22:45 - Does market failure justify a state?

35:24 - Does the “capitalist” exploit the consumer and worker via iPhone?

40:10 - Does freedom include positive rights? - Freedom vs. Power

47:46 - Inequality

48:23 - Define government

50:02 - Define anarchism

50:42 - Would anarchy lead to chaos? (spontaneous order)

51:44 - Best examples of stateless societies?

55:14 - What about monopolies?

56:33 - Without government the poor would die from poverty

58:09 - Law’s Order - Most important message

59:08 - Biggest criticism of the Austrian school of economics?

1:01:37 - Most important thing you learned from…….

Adam Smith

David Ricardo

One Book for everyone to read

Milton Friedman, your father