The question is irrelevant. Capitalism per se is not humane or inhumane; nor is socialism. If we compare the two in terms of results, it is clear that only capitalism fosters equality and works toward social justice. The one is based on the principle of voluntary cooperation and free exchange, the other on force of position and power. In a free economy, it is hard to do good—you either have to use your own hard-earned money to do it or work hard to persuade others to your course. But by the same token, it is difficult to do harm because by preventing a concentration of power, capitalism prevents people from committing sustained, serious harm. Is capitalism humane or inhumane? It is neither. But it tends to give free rein to the human values of human beings. Delivered at Cornell University, Ithaca, New York. Recorded at Cornell University © 1978 Lecture 45 min/Q&A 24 min.

Check out our Facebook page here: www.facebook.com/FreeToChooseNetwork

Visit our media website to find other programs here: http://freetochoosemedia.org/index.php

Connect with us on Twitter here:   / freetochoosenet  

Learn more about our company here: http://freetochoosenetwork.org

Shop for related products here: http://www.freetochoose.net

Stream from FreeToChoose.TV here: http://freetochoose.tv