Objecting To Capitalism - A response to the Ludwig Von Mises Institute

A friend of mine sent me a video of a talk by Timothy Terrell, who is an associate professor of economics at Wofford College in Spartanburg, SC in the US. He is also an adjunct scholar with the "free market" oriented Ludwig Von Mises Institute, which is based in Alabama. The title of his talk was "Common Objections To Capitalism" and it was given at Mises University last year, albeit it was recently uploaded onto the official Youtube channel of that institute.

I watched the video, hoping for some convincing and credible claims that defended capitalism from the many common criticisms that it has received (particularly of late, given the economic crisis). Unfortunately, the longer I watched - the less convinced I became with respect to his claims. It spurred my desire to respond, and I thought a video response would be a good way of expressing my objections. What follows, is my video response in the form of seven videos (since Youtube does not allow me to upload videos longer than 15 minutes). I don't go into detail at all, but I do hope that my objections make people think twice about the dangers of market-fundamentalism as well as think seriously about the need to reform the way we organise our productive lives.