Capitalism is humanity’s best arrangement for prosperity. Alternatives are, to one degree or another, schemes of enforced poverty.
Reason.tv has an interview with professor emerita Joyce Appleby of UCLA. It’s eight minutes of clarity and insight. The video is below, with Reason‘s description thereafter.
Enjoy.
Video link:
http://www.youtube.com/watch?v=sZktWEAWLvM.
“Exploitation is not exclusively capitalist, but wealth creation is.” So says Joyce Appleby, professor emerita at UCLA and author of the new book, The Relentless Revolution: A History of Capitalism.
Allthough she criticizes certain aspects of capitalism, Appleby credits it for producing countless marvels of the modern world. “If you want this level of enjoyment,” says Appleby, “Science, the arts, food, transportation, information, then you have to realize what’s generating the wealth to create it.”
Reason.tv’s Ted Balaker sat down with one of our nation’s most accomplished historians to discuss the history of capitalism, how capitalism stacks up against competing systems, and why Americans should root for a wealthy China.
Approximately 8.00 minutes.
Interview by Ted Balaker; shot by Paul Detrick, Hawk Jensen and Alex Manning; edited by Detrick.
Story link:
http://www.reason.tv/video/show/joyce-appleby-interview.