Morality

Imagine you're standing next to the tracks when you see an out-of-control trolley heading your way. Up ahead are five workers standing on the track, just far enough away that they can't hear you yelling. If you do nothing, they will all die. But next to you is a switch that will divert the trolley to another track. However, there is a worker standing on that track as well. Do you pull the switch?

In this series we've been looking at libertarian economics professor Walter Williams' defense of free market capitalism as outlined in his video for Prager Univeristy.

Williams defines the free market as a series of voluntary actions.

The free market calls for voluntary actions between individuals. There's no coersion. In a free market, if I want something from you, I have to do something for you.

In part 1 of this series we looked at the benefits of capitalism as discussed in a Prager University video narrated by libertarian economist Walter Williams. Williams defines free-market capitalism simply as voluntary transactions between individuals. Ideally, market freedoms lead to individual freedoms. In an ideal world, capitalism is the most moral economic system ever invented.

The last time we encountered Prager "University", we were looking at an overly simplified video extolling the benefits of a flat tax. Today we're going to look at Prager's overly simplified video extolling the moral virtues of capitalism.