Capitalism vs Socialism (Milton Friedman) | from Not An Economist channel

Correction at 3:05: it is the map of Iraq when it should have been the map of Syria, apologies.

Capitalism VS Socialism, this fight has been going on for centuries, yet it is so clear who should be the winner. The question is WHY? What produces this moral attitude that leads to enacting the destructive socialistic policies? This videos has you covered!

0:00 - Why Socialism Has so Many Proponents Despite Such Bad Results?
2:43 - What is Capitalism and Why People Misunderstand It?
4:05 - Self-Interest is NOT Bad, Force and Unlimited Power are.
5:54 - Individualism vs Collectivism
6:50 - Bad Economic Laws
7:46 - The Invisible Hand and Human Achievements
10:22 - Conclusion (Virtues of Capitalism)

Milton Friedman Playlist:
https://youtube.com/playlist?list=PLbVVaabAopv98lM-B9BcokQ_HsI_5W4nK

Ayn Rand Playlist:
https://youtube.com/playlist?list=PLbVVaabAopv-wXA5TLbltJfj2tCbcJQPn

All music and sounds are from https://www.epidemicsound.com