The "pig"alone would have been enough to boycott the class and bring in the ACLU, and his buddy from the Department of Justice. And what about all the contributions Muslims have made to our country and their exceptionalism? I think I might have even lived in that house that was in the film in about 1956.
Not to change the subject, how did they produce this film in 1948 with a 1954 (or 1955) Buick in it (at 5:55 in the video)? Perhaps trick photography!!! Back to topic, it's too bad they didn't keep these videos in today's curriculum. It proves a point that freedom isn't free, you have to keep fighting for it.
With credit to dbhalling, the "open market" pillar is dependent upon the protection of intellectual property rights.
If you come out with a better ceramic toy that's unbreakable and cheaper, and the government doesn't protect your intellectual property rights, then Wal-mart can purchase mass quantities of a knock-off product, and thereby undercut your prices and sales, and drive you, the creator of the better product, out of business.
I tried to imagine comments Obama would make while watching that film. When the teacher made the toy pig, I could hear him say, "Hey, you did not build that. You didn't make that mold or the roads and bridges to transport it first." Obama would cheer at the mention of "state capitalism" and "I have a phone" use the ACLU to complain about hearing "God" twice in a classroom. He would ask why the "fair" redistribution of wealth was not touched upon and why "American capitalism" was treated like it was so freaking exceptional. "What about French exceptionalism and Russian exceptionalism and Cuban exceptionalism and Iraqi exceptionalism?" he would ask as he mounted his golf cart.
Perhaps it's just me, and I don't mean to split hairs about the message, but if the video was made in 1948, why was the car in the video a model made in the '50s and in the lecture he was talking about everyone wanting a television set when they weren't available until the '50s.. I do agree the message is strong, and modern capitalism has been bastardized, but we also need to ensure our facts are accurate because the detractors look for any flaws in our argument.
Excellent illustration! Should be in every school, though it can be guaranteed that few politicians would support that. Common Core produces dumb kids who will join the politicians and bureaucrats doing dumb things.
fabulous video, now I ask how can we get the pres and congress to sit down and watch it and hopefully understand it. will it ever be shown to high school or business majors at colleges? wishful thinking on my part. thank you for posting it.
Trouble is, since 1948 the Fabians wormed their way into our schools. And like General Fabius they used his trademark tactics: fall back, fade away, draw you out, and ambush you.
The video is dated. So is the time when Capitalism, individual achievement and American exceptionalism and were actually considered good things by the government schools and media.
It sounds geared toward elementary or middle school children. The style sounds like propaganda, but it's all fact, not opinion. There's solid evidence that private ownership of the means of production creates value. That basic fact shouldn't be ignore/denied.
Love it, and yes it is a bit dated but I like the pillars visual. Private property, profit, and open markets;!kinda makes me shed a tear of joy to hear such truth.
Any guesses on what question will be on my next Econ quiz?
This short lecture captures the essence of American capitalism very well. It also contrasts greatly with our modern bankrupt educators in economics. I also noted the example shown of buying a new house in 1948 for only $9,885. After 66 years of inflation, that same house would cost as much as 30X the price...
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Jan
That gave me such a disturbing, yet hilarious, image...
If you come out with a better ceramic toy that's unbreakable and cheaper, and the government doesn't protect your intellectual property rights, then Wal-mart can purchase mass quantities of a knock-off product, and thereby undercut your prices and sales, and drive you, the creator of the better product, out of business.
When the teacher made the toy pig, I could hear him say, "Hey, you did not build that. You didn't make that mold or the roads and bridges to transport it first."
Obama would cheer at the mention of "state capitalism" and "I have a phone" use the ACLU to complain about hearing "God" twice in a classroom.
He would ask why the "fair" redistribution of wealth was not touched upon and why "American capitalism" was treated like it was so freaking exceptional.
"What about French exceptionalism and Russian exceptionalism and Cuban exceptionalism and Iraqi exceptionalism?" he would ask as he mounted his golf cart.
Common Core produces dumb kids who will join the politicians and bureaucrats doing dumb things.
And that good stuff!
Any guesses on what question will be on my next Econ quiz?
Mucho Mahalos for sharing.