Do you remember the post that I had put up some months ago, in an attempt to explain my life philosophy and my position on Unions? Well, it turns out there is a better method of explaining how freed markets work, and why competition naturally leads to better and better conditions for employees over the course of time. I found a video.
This particular video takes into account a few of the principles that I alluded to in my original post, and also included a few others that I, up until now, felt unable to explain sufficiently. This video is titled: Edgar the Exploiter.
The reason why I like this video is because it visualizes the sometimes wordy and complicated dry economic theory. I think it makes things much more clear than it was before.
What do you think?
If you are interested in learning more about economic theory, legal theory, and their relationships to liberty and free markets, here are a few great books to read:
- Economics In One Lesson by Henry Hazlitt (PDF)
- The Law by Frederic Bastiat (PDF)
- Anatomy of the State by Murray N. Rothbard (PDF)
As for websites with almost limitless libraries worth of information–feel free to visit these sites:
If you have any questions about the video or the aforementioned books and linked websites, feel free to ask. 🙂