SO, I couldn’t resist using this 1939 video on the free market economy. Great stuff. Do you want a widget? Just go buy one!
Is this better or worse than our current system of socialized capitalism?
Happy Friday!
Tags: free market economy, Friday Fun Video, happy friday, personal finance blog, personal-finances, socialized capitalism, yielding wealthTaking finances personally
Written by Miranda Marquit [email] for b5media.
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2 opinions for Friday Fun Video: How Things Work in a Free Market Economy
Jennifer Hofmann
Apr 26, 2008 at 1:19 pm
Facinating! Frightening!
What a different version is told 70 years later at http://www.storyofstuff.com.
The widgit movie makes sense until you account for the limited resources the planet actually contains. What happens when we run low or run out?
miranda
Apr 26, 2008 at 1:37 pm
And don’t forget the changes to the economy! How many of us are doing the things to harvest cotton for more widgets or mining for those resources. Thanks for the link…It was really interesting to compare the two.
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