Free market principles. The history of ideas. The life & work of Creative Heroes.

Category: Capitalism (page 1 of 2)

The Power of Choice

Milton Friedman, Ronald Reagan, Nancy Reagan

Presented with the kind permission of Free To Choose Network

Summary from the Free to Choose Network

Rising like a phoenix from a troubled past, entrepreneurs have turned Chile’s rich Colchagua Valley into one of the world’s great economic miracles. Chilean wines now compete in the world market. Wine and ingenuity have made Don Melchor a very wealthy man. But if you think Chile is an unlikely locale for entrepreneurial success in the 21st century — consider Estonia, until recently part of the Soviet Union.

Economies all over the world are feeling the impact of free markets.

The world of the 21st century is a world of international markets interconnecting people everywhere — people who have never met, yet inadvertently have become integral to each other’s well being. The genie is out of the bottle. Every minute of every day products from all over the world are moving in perpetual motion.

For over 30 years the United States military has operated as a 100-percent volunteer force. To be successful it must offer attractive choices. The army alone now offers some 300 distinct career paths to attract young men and women to a professional life in the military.

All of these things reflect the economics of choice, the economics of individual freedom that have changed and are continuing to change the world in which we live. Still, individual freedom of choice can spark heated protest in the United States and around the world.

For nearly a century one controversial American has championed the idea that only through economic freedom and the rule of law will lead inevitably to political freedom. His has been a commitment to truth — not as he has imagined it, but as he has found it in the world around him. The rise of a global economy through free markets has underscored the power of his ideas — the power of choice. No one has been a greater proponent of individual freedom and individual choice than Milton Friedman, teacher, scientist and author, revolutionary intellectual, winner of the 1976 Nobel Prize in Economics, and citizen of the world. This is his story, including the impact of his ideas upon people the world over. Included in the program are exclusive appearances by Alan Greenspan, Paul Samuelson, Thomas Sowell, Martin Anderson, Gary Becker and Milton and Rose Friedman.



The Conservatives

Presented with the kind permission of Young America’s Foundation

The Heritage Foundation writes

To counter the decades-long pursuit of “fairness” fostered by the nation’s left-leaning educators, producers of a new film believe that the educational process should be a “no-holds-barred” affair of thoughtful exchange, not one-sided dogma that stigmatizes success and prosperity.

The Young America’s Foundation has teamed up with director Stephen K. Bannon to produce a film called “The Conservatives” to combat the flagrant inculcation of class warfare, collectivism and hostility to the principles of individual liberty at America’s places of higher learning.

Bannon and Kate Obenshain, YAF’s vice president, will speak at The Bloggers Briefing at noon ET today to preview the film, which will debut Wednesday.

“The Conservatives” features commentary and analysis from

  • Mark Levin
  • Michelle Malkin
  • Walter Williams
  • Jonah Goldberg
  • Monica Crowley
  • Stephen Moore
  • Peter Schweizer.

They seek to inspire a new generation of conservative activists on the nation’s college campuses by making the moral case for the unexcelled benefits of free enterprise.

“It is the only system that creates wealth for the most people. No other system can. No other system will,” says Levin.

“The American individual entrepreneur, those free-market job creators and wealth creators who give us the future that we have, who are the bedrock of economic success in this country” are the ones to admire argues Malkin in the film. Her words seem especially prescient in light of President Obama’s recent “you didn’t build that” speech …

 The Conservatives - Young America's Foundation

The Ultimate Resource: Free Markets – People Making Their Own Decisions

Presented with thanks to Free to Choose Media

Producer: Katherine Anderson
Written by: Katherine Anderson and Thomas Skinner
Director, Camera and Editor: Jim Taylor
Executive Producers: Thomas Skinner and Bob Chitester

The Story

Free Market incentives are spectacularly changing lives and entire economies over much of the world. In the last 25 years, hundreds of millions of people– 400 million in China alone– have climbed out of the dire poverty of living on less than $1 per day. It is the largest movement out of poverty in human history.

Yet, two thirds of the world’s population– four billion people– still does not have the tools to thrive in free markets. Forced to operate outside the rule of law, they have little education, no legal identity, no fungible property, no credit, no capital, and thus few ways to prosper.

However, when given the incentives and the tools, these people are proving they can apply their free choice, intelligence, imagination and spirit to dramatically advance their well-being and that of their families and communities.

The Production

This new and exclusive documentary looks at the “before and after” lives of individuals and families, exploring some of the surprising, innovative initiatives and trends at work in unlikely places around the world.

The production also features some of today’s most inventive thinkers.

Muhammad Yunus, winner of the 2006 Nobel Peace Prize, founded the Grameen Bank in Bangladesh, which uses microfinance to bring opportunity to the world’s poorest people by helping them to start their own businesses.

Hernando de Soto, founder of The Institute for Liberty and Democracy in Peru, helps developing countries open their systems — creating strategies for legal reform that offer the majority of the world’s people a stake in the free market economy.

James Tooley, British professor of education policy, explores the widespread, dramatic impact of low budget private education– financed not by charities or wealthy supporters– but by the poor families themselves in India, China, Nigeria, Kenya and Ghana.

Johan Norberg, Swedish author and scholar, takes aim at both left-wing critics, who would condemn developing countries to poverty until they develop “First World” workplace standards, and Western governments, whose free market rhetoric is undercut by tariffs on textiles and agriculture, areas in which developing countries can actually compete.


From small villages in sub-Saharan Africa to the bustling cities of the Asian sub-continent, from Latin America to China and Eastern Europe, people everywhere are striving to improve their lives.

People seeking the same things– opportunity to learn; an identity and ownership that allows them to prosper; a chance to earn a living for themselves and their families; to use their imaginations; and to take risks and possibly fail.

They want to develop their options and reap the rewards, if they succeed. This is the story of what can happen when ordinary people have the tools to help themselves.


Somewhere on Earth, at this very minute, a child is beginning its journey through life.
Two hundred and fifty babies are born every minute, 15-thousand an hour, 132 million a year – each and every year. Among them may be the potential to cure disease, or to change the course of world history, because people are the world’s ultimate resource.


In a small fishing village in Ghana, a child is being celebrated. A welcoming ceremony– “Kpodziemo” or “Outdooring”– is held only after the mother believes her child will survive. This age-old ceremony is about the dreams of all parents for all children.

Joshua Korley has been fishing his entire life. His most prized possession– his outboard motor. He nets about 50-dollars a week, when the fishing is good. But schools of fish are not the only schools on Joshua’s mind. His daughter, 12-year-old Victoria, has a dream– to become a doctor. Public schools in Ghana are free, but overcrowded. There are 73 students in a class. Joshua wants something better for Victoria.


High in the Andes Mountains of Peru lay the ruins of Machu Picchu, the historic royal retreat of the Inca Empire. The indigenous people still farm this valley.

Eusebio Mendez Atau and his family own four bulls, two pigs and a few chickens. They farm the land as did Eusebio’s father and grandfather for the last 100 years.

Most days Eusebio hauls his primitive plow up the mountain for another days work.
Still, he is unable to hold legal title to the land on which his livelihood depends.

Eusebio’s only asset is the land. But without legal title, he cannot get a loan to buy more seed or more land. Without legal title, he cannot borrow to educate his children or improve his home. Nor could his father or grandfather.


Carved from the Asian sub-Continent after a bloody civil war with Pakistan, the small nation of Bangladesh is the most densely populated on earth. When Bangladesh won independence in 1971, more than 70 percent of its people lived on less than one dollar a day. Hunger and famine haunted almost every village and every family.

It was into this world that Minara Begum and Dinislam Hussain were born. When they were only 13, Minara and Dinislam were married in an arranged ceremony. Dinislam had grown up in a village of weavers and had learned the trade. He worked hard for others, but he could never get ahead. Dinislam and Minara could barely feed their first child.


The small country of Estonia has been dominated by its neighbors and denied freedom for most of its long history. However, since independence from the Soviet Union in 1991, sweeping, yet difficult, economic reforms have transformed Estonia.

In an older neighborhood on the outskirts of the capital is the story of Indrek Laul and the Estonia Piano Company– a story of amazing, complex change.

In the bleak times under Communist rule, the company built pianos exclusively for the state. There was no competition, no incentive. The instruments were sturdy, but hardly world-class.

Shortly after independence, Indrek Laul and his workers realized that companies around the world were making much better pianos then they were. Production in Estonia dropped from 500 pianos a year to a low of only 49.


Shanghai, is a dramatic symbol of the fastest growing major economy in world history. Hundreds of thousands of people work in skyscrapers, some among the tallest in the world. Privately owned designer boutiques line the city’s streets.

34-year-old Shi Hai is the private owner of Snail Game, one of China’s first Internet gaming companies. He believes his stock will be listed on the NASDAQ Exchange within a few years.

It would seem that Communist China is using free trade to reinvent itself, but not entirely. Shi Hai and his employees are navigating the delicate path between China’s cultural traditions and their bold, new ideas.


Around the world there are enormous and complicated challenges ahead. But extraordinary change can happen when ordinary people have the tools and the freedom to make their own decisions.

Free or Equal with Johan Norberg

Presented with thanks to Free to Choose Network

In 1980 economist and Nobel Laureate Milton Friedman inspired market reform in the West and revolutions in the East with his celebrated television series “Free To Choose.”

Thirty years later, in this one-hour documentary, the young Swedish writer, analyst and Cato Foundation Fellow Johan Norberg travels in Friedman’s footsteps to see what has actually happened in the places Friedman’s ideas helped transform.

In location after location Norberg examines the contemporary relevance or Friedman’s ideas in the 2011 world of globalization and financial crisis.

Central to his examination are the perennial questions concerning power and prosperity, and the trade-offs between individual liberty and income equality.


I Want Your Money

Presented with the kind permission of Ray Griggs

Wikipedia description:

The film examines and contrasts … the differences between “Reaganomics” and “Obamanomics” as American economic and governmental policies, as well as their respective impact on life in the United States of America, as summarized from film’s official web site:

Two versions of the American dream now stand in sharp contrast.

One views the money you earned as yours and best allocated by you. It champions the traditional American dream, which has played out millions of times through generations of Americans, of improving one’s lot in life and the entrepreneurial spirit of daring to dream and to build big.

The other believes that the federal government, using taxpayers’ money, should play a major role in leveling out the nation’s wealth to guarantee outcomes to all, regardless of effort. How America chooses between these two views of the role of government, at this crucial juncture, will have everything to do with the future we and our children and our children’s children will enjoy.

The film uses computer animation, film clips, archival footage, dramatizations, music, graphics, and on-camera interviews with well-known public figures and experts “to tell the story in the plainest terms of the choice between the Obama and the Reagan views of the role of the federal government in our society.”

Individuals interviewed:

  • Mike Huckabee
  • Stephen Moore
  • Michael Reagan
  • William Voegeli
  • Star Parker
  • Kenneth Blackwell
  • Edwin Meese lll
  • Thad McCotter
  • Newt Gingrich
  • Lee Edwards
  • Pete Wilson
  • Steve Forbes
  • Gary Bauer
  • Kate Obenshain
  • Chris Edwards
  • David M. McIntosh
  • Lila Rose
  • John Stossel
  • Allen Icet
  • Rob Schaaf
  • John Stossel
  • Tom McClintock
  • Andrew Breitbart
  • George Runner
  • Alison Fraser


Win-Win: A Trading Game

Thanks to

Win-Win is a DVD-assisted group trading game.

Through the experience of actually trading items, participants study important lessons about the practicalities and principles of economics and trade.

The real life dimension of the game – that participants get to keep traded items – engages them in a way few group exercises can match.

Each session of WIN-WIN involves the group playing a round of the game, then engaging in chaired discussion, another round, further discussion, and so on.  Theoretical principles and issues of interest are drawn directly from personal experience and a process of intelligent discovery.

As well as enjoying the game itself, participants learn how to set up and play the game with others – perhaps with family,  school groups, community groups, parties, etc.

Markets Without Borders with Hernando de Soto

Presented with thanks to

What accounts for the difference between economic activity in the United States and in the developing world?

Economist Hernando de Soto explores the concepts of capitalism and globalization in Tanzania and Peru, where most businesses operate outside the legal system.

The spirit of entrepreneurship is not unique to the Western world; nor is the concept of property. However, globalization involves an abstract system of property rights that allows people to deal in symbols. Visiting the Chicago Mercantile Exchange, Markets Without Borders demonstrates the advantages of the institutions that we take for granted. De Soto shows that in large parts of developing countries, these institutions do not exist.

As people flood to the big cities looking to participate in globalization, he argues, governments need to find ways to give them access to the rule of law and property rights.

Bill Whittle presents: Firewall – What We Believe

Presented with the kind permission of Jeremy Boreing, Declaration Entertainment

These 7 short “video essays”, written and very nicely presented by Bill Whittle explore the foundational beliefs of Tea Party Conservatism. From small government and distrust of elitism, to gun rights and immigration, Bill Whittle reveals the philosophical underpinnings that make America the most exceptional nation in the history of the world.


  1. Small Government and Private Enterprise
  2. Elitism
  3. Wealth Creation
  4. Natural Law
  5. Immigration
  6. Gun Rights
  7. American Exceptionalism

The Right, All Along. The Rise, Fall & Future of Conservatism

Barry Goldwater, Ronald Reagan, William F Buckley Jr

Presented with the kind permission of Fox News Channel.
Special thanks to Brian Gaffney.

The Right, All Along: The Rise, Fall And Future Of Conservatism – hosted by Brit Hume — is the inside story of a political movement that, against all odds, changed the world.

It started 60 years ago with a small group of determined thinkers and activists and grew into the most powerful force in American politics.

This 6-part Fox News Reporting series features rare footage and more than 75 exclusive interviews.

Follow William F. Buckley, Barry Goldwater, Ronald Reagan, Robert Bork, Pat Robertson, Phyllis Schlafly, Newt Gingrich, George W. Bush and many others who tell the personal stories behind the conservatism’s startling victories and crushing defeats.

The Right, All Along: The Rise Fall And Future Of Conservatism is a unique blend of history, journalism and storytelling that explains how we got to where we are today, and where we may be heading.

Resisting the Green Dragon

Green Dragon versus Christianity?

Presented with the kind permission of the Cornwall Alliance

This series of talks present a biblical view of “environmental stewardship” and warning against the dangers of unbiblical thinking.

Evironmentalism has become a new religion. Its policies are devastating to the world’s poor. Environmentalism threatens the sanctity of life. Environmentalism is targeting our youth. Environmentalism’s vision is global.

Resisting the Green Dragon takes its cue from James 4:7, “Submit therefore to God. Resist the devil and he will flee from you.”

These talks seeks to confronts environmental fears and presents a Christian/Evangelical view on “God’s wise design” and how people and nature can thrive together.

They include …

  • The False World View of the Green Movement Dr. E. Calvin Beisner
  • Rescuing People from the Cult of the Green Dragon Dr. Peter Jones
  • Logos vs. Mysticism: Environmentalism’s Flight from Reason Dr. Vishal Mangalwadi
  • From Captain Planet to Avatar: The Seduction of Our Youth Dr. Michael Farris
  • A Brief History of Environmental Exaggerations, Myths and Downright Lies Dr. Steven Hayward
  • Putting Out the Dragon’s Fire on Global Warming Dr. David Legates
  • How “Going Green” Impoverishes You, Your Church, and Your Society Hon. Becky Norton Dunlop
  • Ravaging the World’s Poor Dr. James Tonkowich
  • The Green Face of the Pro-Death Agenda: Population Control, Abortion and Euthanasia Dr. Charmaine Yoest
  • Threats to Liberty and the Move Toward a Global Government Dr. E. Calvin Beisner
  • A Biblical Guide to Genuine Creation Stewardship Dr. James Tonkowich
  • Go Therefore and Make Disciples: Advancing the Gospel in a World Permeated by Environmentalism Dr. Peter Jones