A Case for Free Markets

As many incorrectly blame capitalism and free markets for the current depression there is value in reminding ourselves the fruits that come when the market is left to work without central economic planning. A surprising source for such a case is found in the 1954 film Sabrina staring Humphrey Bogart, Audrey Hepburn, and William Holden. There is a scene where Bogart’s character, Linus, explains to David, William Holden’s character, why he is a business man. This dialogue provides a great case for the value of free markets and capitalism.

Linus: Making money isn’t the main point of business. Money is a by-product.

David: What’s the main objective? Power?

Linus: Ah! That’s become a dirty word.

David: What’s the urge? You’re going into plastics. What will that prove?

Linus: Prove? Nothing much. A new product has been found, something of use to the world. A new industry moves into an undeveloped area. Factories go up, machines go in and you’re in business. It’s coincidental that people who’ve never seen a dime now have a dollar and barefooted kids wear shoes and have their faces washed. What’s wrong with an urge that gives people libraries, hospitals, baseball diamonds, and movies on a Saturday night?

Advertisements

Leave a comment

Filed under Austrian Economics, Libertarian

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s