Adam Kokesh, host of Adam vs. The Man, has been actively interviewing and helping Occupy Wall Street protestors understand economics, capitalism, morality, and human action (praxeology) from the first moment they took to the streets with their scattered and ill conceived political ideologies and philosophies. Here in this video, Adam smoothly leads this protestor to a basic and rational understanding of the nature, value, and necessity of money and free exchange. It’s the very thing Austrian economist Ludwig Von Mises first wrote about in 1922 in his book Socialism – the economics of why socialism must necessarily fail without the free market pricing mechanism being applied to a society’s goods or services.


The idea of capitalism is completely simple: I have something for sale, would you like to buy it? That is all it is, there are no guns, and no one is being forced to do anything. If we decide on the exchange, we both benefit – you value my product more than your money, and I value your money more than my product – we trade, it’s a win win, and we are both better off. If we decide not trade, then we simply carry on our merry ways.

It’s this simplicity that opponents must complicate and distort into a straw man to have something to attack. Unfortunately then, they are not attacking capitalism but this fictional straw man of their own creation. The danger is, they still call this straw man “capitalism.” It’s important for knowledgeable people to correct these misled, and yet sometimes, completely convincing arguments. Here, Peter Schiff shoulders the burden in taking on one of the most notorious anti-“capitalists” out there – Michael Moore.


Tagged with:  

Looking for something?

Use the form below to search the site:

Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!