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