Fordham Law School Professor Zephyr Teachout has released a video for The Gravel Institute titled, “Capitalism vs. Freedom.” In it, she argues that capitalism results in ruthless monopolies that mercilessly dictate the lives of every person within the economy. However, like every other critic of capitalism, she conflates voluntary transactions in the free market with government regulations, then advocates greater power for government to fix the problems that the government caused.
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Hashtags: #TheGravelInstitute #ZephyrTeachout #Capitalism #FreeMarket #Economics #Government #Politics #GravelInstitute
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References:
Agarwal, R. (2018, November 15). Why Amazon Runs Toward Government With HQ2. Retrieved October 25, 2020, from https://www.forbes.com/sites/washingtonbytes/2018/11/15/why-amazon-runs-toward-government-with-hq2/
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Chappelow, J. (2020, September 16). Capitalism. Retrieved October 25, 2020, from https://www.investopedia.com/terms/c/capitalism.asp
Dilorenzo, T. J. (1996). The myth of natural monopoly. The Review of Austrian Economics, 9(2), 43-58. doi:10.1007/bf01103329
Dunkelberg, W. (2017, April 04). The Insidious Cost Of Regulation. Retrieved October 25, 2020, from https://www.forbes.com/sites/williamdunkelberg/2017/04/04/the-insidious-cost-of-regulation/
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Foulkes, A. (2005, May 17). In Defense of Employment-at-Will. Retrieved October 25, 2020, from https://mises.org/library/defense-employment-will
Legrain, M. (2018, November 26). Revealed: Restricting breaks keeps poultry industry workers living in fear. Retrieved October 25, 2020, from https://www.theguardian.com/food/2018/nov/26/revealed-restricting-breaks-keeps-poultry-industry-workers-living-in-fear
Merriam-Webster. (n.d.). Freedom. In Merriam-Webster.com dictionary. Retrieved October 25, 2020, from https://www.merriam-webster.com/dictionary/freedom
Moseley, G. B. (2008). The U.S. Health Care Non-System, 1908-2008. AMA Journal of Ethics, 10(5), 324–331. doi: 10.1001/virtualmentor.2008.10.5.mhst1-0805
Tucker, J. A. (2008, January 07). How Free Is the “Free Market”? Retrieved October 25, 2020, from https://mises.org/library/how-free-free-market
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