“While I heartily subscribe to your premise of pursuing one’s dream,” one reader, Donald J., wrote, “there are alternate perspectives worth considering.”[We’re listening… go on.]“Some wiseguy once said that life is what happens to you while you’re waiting for something better to come along. Milton put it a little more poetically in one of his […]
Want to self-publish a book? You can’t afford to miss out on this series. Chris Campbell promises to show you step-by-step how the most successful self-published books were made. From idea generation to holding the first copy in your hands, he leaves nothing out. In today’s episode you’ll learn how the most successful self-published book got to where it is today – and how you can use the same strategy to make your book a success too. Read on…
Want to get rich? Don’t listen to financial “gurus,” says Chris Campbell. In today’s Laissez Faire Today, Chris shares a Zen proverb and shows how understanding it is the only real way to get rich (and live a rich life). Read on…
Ben Franklin once said, “An ounce of prevention is worth a pound of cure.” In today’s Laissez Faire Today, you’ll learn about one FREE website that has the potential to not only keep your family safe – but also open your eyes to what’s happening in your own neighborhood. Chris Campbell has all the details. Read on…
All over the world, power is dying. The dictators and tyrants of the world are no longer able to wield it like they once used to. And they’re losing it to the “little guy.” Chris Campbell shows you how to be the king of your castle by taking advantage of this fact. Today, you’ll learn how to grab “power gaps” in the market and channel them into your product idea or project. Read on…
Chris Campbell got more than he bargained for during Sunday brunch. In a packed restaurant, he learned about a hidden sex boom that’s taking the world by storm. You won’t believe how much money ordinary Americans are making in this boom. It’s so much…you may even consider cashing in yourself.
The fireflies along the tidal rivers of Malaysia show "feats of synchrony that occur spontaneously, almost as if nature has an eerie yearning for order." Chris Campbell tells you where else this might occur in the world. Also, new technology may revolutionize the agriculture industry and what we think of as a farm.
Jeff Davis is running for Governor in Hawaii and has an interesting campaign strategy. Also, what motivates hackers is revealed and the findings might surprise you. Finally, Ferguson is discussed in a new light. Chris Campbell has more...
When’s the best time to invest in something? When everyone else is trying to get their money out of it. It might go against conventional thinking, but following the crowd usually makes you miss the real opportunities. At one monetary metal conference recently, the smartest guys in the industry sat down to discuss where these real hidden gems lay.
Say goodbye to your boring morning commute. New technologies are changing the way people drive their cars. It’s making them safer, more fuel efficient, and could reshape the way America builds its roads and cities. The only thing that could stand in the way...
In a 2009 article, the Huffington Post went into considerable detail about the number of people with PhD degrees in economics employed by the Board of Governors of the Federal Reserve System. This is the government’s branch of the Federal Reserve. It is not one of the 12 regional Federal Reserve banks, all of which […]
Greetings from Maine! Right now, I’m writing from within foghorn distance of the sea. And this gives me an opportunity to tell you a down east tale that should serve as a warning to every investor: Maine’s Great Gold Swindle.I’m not talking about central banks, or manipulation of today’s markets. I’m talking about something from […]
When the NSA surveillance news broke last year it sent shockwaves through CERN, the particle physics laboratory in Switzerland. Andy Yen, a PhD student, took to the Young at CERN Facebook group with a simple message: “I am very concerned about the privacy issue, and I was wondering what I could do about it.”There was […]
Although the mainstream media have turned its attention away from the wreckage of Obamacare, don’t think for a second that all is well.As the politicos in D.C. focus their attention on the midterm elections in November, now is a great time to study, prepare, and seek out the most affordable, accessible, and highest quality options […]
Turn on the tube and economic ignorance seems to be everywhere. There is constant shilling for more government. Business is demonized. Man is said to be trashing the environment. “Workers and women are oppressed” is the constant mantra.And members of the clueless media nod their heads in unison.Only John Stossel has provided the fresh air […]
Health care costs in the U.S. have been rising so steadily for so long that containment barely seems possible. Even optimists don’t dream of cutting the price tag. As its official name — the Patient Protection and Affordable Care Act — suggests, Obamacare aims for affordability, not radical reduction.But at a time when we’re all […]
In the minds of many people around the world, including in the United States, the term “capitalism” carries the idea of unfairness, exploitation, undeserved privilege and power, and immoral profit making. What is often difficult to get people to understand is that this misplaced conception of “capitalism” has nothing to do with real free markets […]
“In the beginning, all the world was America.” — John Locke“The Garden of Eden was a perfect place,” my friend Manuel explained. “Man had free will. He could live in harmony with nature and God — and everything would be fine. But if he defied God, the stain of original sin would be on his […]
People jacked up about income inequality can find a new hobby. The 1% are victims of a doomsday machine, and the countdown is ticking. Machine, thy name is “family.”This came to mind as I was reading a preview of Columbia Professor Andrew Ang’s forthcoming, must-read book on Asset Management. Ang is that oxymoron, an exciting […]
After a week of reckoning about the American oil and gas boom… I’ve got to get something off my chest.I can’t stand it when a coworker takes credit for something I did.Whether it’s a special report I wrote or just a little investing trick I found on my own — if someone takes it and […]
Americans have come to believe that the IRS and the income tax are inevitable parts of our lives. After all, most everyone alive today has lived his entire life under federal income taxation.It wasn’t always that way. For some 125 years, the American people lived without having any tax imposed upon their income.The obvious question […]
Franklin Delano Roosevelt famously used the term “forgotten man” in a 1932 speech to describe those at the bottom of the economic pyramid who, he felt, government should aid.But the originator of the phrase “forgotten man” had a whole different meaning in mind. He aimed to expose the seeming good intentions of government to reveal […]
I want to share some insight and give you a front-row seat to America’s next big shale play.Let’s get to it…Over the past 10 years, the U.S. has turned the ship around, quite literally.We’ve gone from a country that was expecting to import massive amounts of oil and gas — to a country that’s sitting […]
Whatever your views on the role of government, one thing is clear: There will be no way to pay for it if the economy doesn’t grow. And I’m not talking by a measly percentage point or two. If we can’t find our way back to 5% annual economic growth or above soon, America’s accumulated federal […]
What if I told you that the march of human progress could be traced in a direct line from the Epicureans of Ancient Greece… through the 18th Century’s cure for smallpox… to where Steve Jobs and Bill Gates found inspiration as scrappy teenagers… to the flying car of tomorrow?Stay with me and I’ll show you […]
Real progress happens through real people, ideas, and innovations. Not by legislation argued and debated in Congress. Right now, one of the most influential technologies is changing the way people do business. And reinventing the future in the process.
Innovation can change the world… if the world lets it. Unfortunately, society’s gatekeepers make it a point to constrain, regulate, and control these ideas. But their power is limited, and the power of innovation is too great. Unfortunately for regulators, there are some technologies they can’t control.
The web is packed with some of the greatest educational material on entrepreneurship and enterprise, material that didn’t exist a decade ago and is now within the mouse-click reach of vast swaths of humanity. Are we taking advantage of it?
Doug French and I set out to collect the top 15 videos on entrepreneurship — a totally subjective list, of course, but these are the ones we have found most compelling. Watching all of these provides a great overview of the contribution that enterprise makes to the quality of life.
They illustrate, too, the dangers of government rules, regulations, taxes, and trade restrictions. They kill creativity and prosperity, making life harder for entrepreneurs and capitalists to serve society through innovation and expansion.
We sought to pick videos that show the real stuff at work — not just academic lectures, but the real heartbeat of human action in an enterprising world.
Please share this set with people who need to understand!
1. The LEGO Story
This is an amazing short movie about the history of one company, covering the dream, the setbacks, the innovations, the development, the achievement, and so much more. It is also very beautifully made. Every kid in the world ought to see this wonderful video!
2. Caine’s Arcade
This is a heartwarming story of a child with an idea. But it is more than that. It is a look at the dream of commercial achievement and what it takes to see it realized. We see in Caine the traits that made a Rockefeller or a Carnegie or any of the greats. There is a certain fanaticism about what they do, a deep love and belief in the idea and the desire to serve others.
3. Matt Ridley: When Ideas Have Sex
Matt Ridley may not have set out to illustrate the power of economic thinking, but that is what he does here. He shows how a developed, complex economy is all about sharing, cooperation, service, and learning. He re-characterizes the commercial spirit as community minded and deeply connected to public service. It is a brilliant presentation from one of the finest writers and thinkers working today.
4. Johanna Blakley: Lessons From Fashion’s Free Culture
This lecture sweeps away a profound confusion about commerce: that it is due to the containment and privatization of ideas. On the contrary, a true enterprise economy is about the spreading and sharing of ideas, just as entrepreneurship itself relies on innovating from existing knowledge. Great creators are great students too. This video uses fashion to show how it works.
5. Hans Rosling and the Magic Washing Machine
Hans Rosling is a demographer with a passion for explaining what the numbers mean, as a way of countering ideological bias in the population. He uses amazing tools to show how economic forces are all about the quality of life: longer, healthier, wealthier lives. He is a dedicated believer in the cause of human flourishing, and this comes across in his beautiful tribute to the washing machine.
6. Rory Sutherland: Perspective Is Everything
Rory Sutherland is one of the most-perceptive marketing experts in the world today. He has a keen mind, and he traces his own economic influences to Ludwig von Mises. His many examples of how real-world commerce differs from what you find in textbooks make for an interesting corrective. As Mises himself said, the difference between capitalism and socialism comes down the principle of marketing. Sutherland is the great specialist in consumer behavior.
7. Richard Branson’s Advice for Entrepreneurs
Richard Branson is a legend in his own time, an extraordinary entrepreneur and a breaker of every rule in the book. He does not give systematic lectures or write detailed essays, but he will sit for spontaneous interviews. This short video packs a powerful punch. He makes the case for making errors, giving employees lots of freedom, and praising accomplishments of others.
8. Soda Pop: John Nese, proprietor of Galcos Soda
A store owner discovers a market niche in making customers happy by offering 500 different kinds of soda pop, rather than Pepsi or Coke… he couldn’t compete with Ralph’s down the street by carrying Pepsi and Coke… but could compete by offering something different.
9. Anthony Bourdain in Haiti
Anthony Bourdain didn’t set out to make a documentary about economics, but that’s what it ended up as. Laissez Faire Today goes into greater detail here about how this film makes the case for capital accumulation.
10. Allen Edmonds Factory Tour
Many people have never seen the inside of a manufacturing plant. This video take you there. This company started in 1922 by Elbert Allen and is still business after 90 years, through thick and thin, overcoming every obstacle.
11. Hyundai Motor Manufacturing Alabama Plant Tour
Korean car manufacturing has brought astonishing economic vitality to Alabama. The plant has been a real godsend, and it underscores just how complex economic structures are in today’s world. There is no more us versus them. We are all in this together. And this video shows just what a marvel manufacturing really is. Miracles are made here.
12. I, Smartphone
Based on Leonard Read’s famous essay “I, Pencil,” this short video beautifully illustrates the vast complexity that we carry in our pockets. No one person could ever make a smartphone. It required the spontaneous cooperation of millions across all countries. The world could never be reinvented by a single mind, but rather requires the coordination of plans made possible only through private property and the price system.
13. The Call of the Entrepreneur
This is only a trailer, but covers one of the finest movies ever made about entrepreneurship. It is made by the Acton Institute. It seeks to put a human face on commerce, showing entrepreneurs from three very different walks of life. It includes extremely effective interviews with some of the best intellectuals, as well. This is only the trailer but you can purchase the entire film at Acton.org.
14. Steve Jobs and Bill Gates Together
This video is historic in so many ways. It includes lots of technical talk, some interesting memories, and a fascinating dynamic. But it demonstrates how two great entrepreneurs see the world and their roles in it. Despite the famed rivalry here, they also understand that they have benefitted from each other’s work.
15. Whole Foods CEO John Mackey on the Moral Case for Capitalism
John Mackey is a rare CEO and corporate founder who understands much more than his own business and industry; he understands just how crucial and beneficial freedom itself is to the social order. In this interview, which is quite short, he provides a compelling defense of the corporation and its place in the modern life, directly refuting those who think the corporation is parasitic and evil. His candor is extremely refreshing.
Conclusion: As these films show, economics and enterprise are not things that exist outside the human experience, but rather extend organically from it, as an expression of the finest that the human person has to offer humanity.