I hope our readers will find this new video from The Fund for American Studies worth a look (see below). It makes a good point about how life without capitalism (and the “greed” that is often associated with it) wouldn’t be as sweet as many imagine it might be. Indeed, the benefits of capitalism are so ubiquitous in today’s world that it was probably hard to make life without capitalism look as bad as it really would be – note that the stove, frig, and cabinets in the video are actually better than they really would be absent the market system we enjoy today. Here, for example, is an image of a kitchen in Cuba (and see others at this site that popped up when I looked for Google imagines of Cuban kitchens on the web):
Perhaps ole Grover will get a bit part in the next TFAS video so that I can show Munger how it is done (actually, Munger is pretty awesome in the 2nd Hayek-Keynes video)!