“What Is Wrong With Capitalism” critiques both capitalism and socialism for their reliance on centralized authority and the interventionist activities of the state. Both systems are parasitic in different ways rewarding and marginalizing the same two groups, but in diametrically opposite ways. It discusses how the left and right differ mainly in who they believe should benefit from government policy and who ought to pay the costs but asserts that both the left and right need protection from the state and its assistance. The text advocates for a simpler economic model where goods and services are exchanged using a monetary system based on the time it takes to produce the product or service. This alternative currency would fix the problems created by both capitalism and socialism.

Ver todos los episodios