3 Myths about Capitalism

Professor Jeff Miron of Harvard has an excellent 3 minute video on Capitalism. He explains what capitalism does (benefits consumers and rewards those who are productive) and what it doesn't do . His final point about capitalism being blamed for the 2008 financial crisis is worth an extra view. More likely that large subsidized risks created by government were responsible than unbridled capitalism (which as he explains we don't have anyhow given large government interventions ). Very well done indeed.