A LOOK AT CAPITALISM (1955) | OLD BLACK & WHITE FILM

A LOOK AT CAPITALISM (1955) | BLACK & WHITE FILM

Economic lecture on the merits and workings of capitalism. With Prof. Clifton L. Ganus of Harding College, Searcy, Ark.

Defines capitalism and shows that the keystone in American capitalism is the principle of ownership of the means of production and distribution.

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"Neither Socialism nor Communism ever will become established in the U.S.A if each generation of Americans gets a clear understanding of our American system of Capitalism, how it works, and the comparative advantages it produces for all citizens. This film begins with the word 'capital' and builds an understanding of the unique system of American Capitalism which is supported on the pillars of private ownership of property, the profit motive, and the free market. Dr. Ganus buys ten cents of clay and molds a child's toy to be fired, decorated, and sold on the market for 39 cents. Capitalistic system are shown at work [sic]. Through discussion, the profit motive is shown to be wholesome, a factor in nearly all human behavior; private ownership to be the foundation of individual freedom and dynamic incentive; and the free market to be a great economic benefactor to the consuming public." (EFL, 2nd edition)