From American Power: In case you are still falling for the anti-capitalist meme, a 1979 clip from Phil Donohue's show features Milton Friedman who easily explains how free market capitalism is better than socialism every time.
More great insights discussed by Doctor Zero:
"Socialism always seems to have a marketing advantage over capitalism. This is not surprising, because socialism is a deeply romantic notion: a dangerously seductive dream of prosperity as a function of justice, where the wise redistribute the profits of the wicked to care for the needy. Socialism’s promises are so alluring that questions about its poor performance are dismissed as rude. It is a childish philosophy, and like any errant child, it receives a limitless supply of forgiveness and second chances.
Capitalism rarely enjoys such wonderful advertising. To the academic, it seems vulgar, while the politician flatters his constituents by promising they can rise above crass materialism… by placing material concerns in the hands of politicians. In truth, capitalism is the chisel free people use to carve their dreams from the stone of history. Without it, we are “free” only to beg for the bounty of the State, and complain when it fails to deliver. Freedom is only a theory, when it lacks a practical means of expression. Freedom of speech without property leaves us doodling in the sand, instead of carving our will into stone. "