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The Moral Case for Capitalism W/ Germinal G.Van
Manage episode 326456268 series 2983642
Germinal G. Van is an author, economist, political scientist, and scholar. He is a member of the National Association of Business Economics and the Economic History Association. His works mainly focus on Public Choice Theory, Economic History, Econometrics, Statistics, and Mathematical Economics. He has written more than a dozen books in Economic History, Political Economy, Development Economics, Business Economics, and Macroeconomics. He has also written several columns for the Foundation for Economic Education (FEE) and the Mises Institute. Moreover, he published several scientific papers, notably in professional academic journals such as the Journal of Economics and Econometrics.
In ‘‘The Moral Case for Capitalism’’ we discuss how capitalism is not only moral, but the only moral option, all the alternatives being bad economic philosophies, lead to human perishment. Although it must be noted that neither of us is anarcho-capitalist in the Rothbardian sense, both of us support the intervention of the government in the economy and think of it as a necessary evil due to what we consider inherent inefficiencies of the market, or failures of these as in free riders, the incapacity of a decentralized system to articulate a proper response to external centralized threats or the inability of the market to internalize costs and benefits in certain areas, leading to overproduction of negative outcomes and underproduction of positive outcomes.
The Redistribution of Wealth YouTube video by Germinal (12minutes) 2019
Why is the Redistribution of Wealth doomed to Fail? YouTube video by Germinal (33 minutes) 2022
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