Demolition Man — Economic Freedom

John Spartan (Stallone) wakes up from a cryogenic state to find that the world as he knows it has been “re-programmed” to follow morality statutes. He wakes up from his frozen state confused from all the changes.

Should people be allowed to do what they want so long as it doesn’t hurt anyone else? That’s the question of economic freedom being presented in Demolition Man. In a more market-based system, people are free to do as they please even if it means that they’ll become unhealthy or do things that others may determine as weird. In a more command-based economy, everyone follows the same rules.

2017 0

South Park — Uber and Handicar

The characters are complaining about Handicar, a service provided by Timmy and how it is stealing all of the transportation business. Mimsy, another driver, adds his two sense by talking about competition. He includes an economist’s take on incentives and how a certain producer can gain economic advantages in a competitive market. This is important to economics because it includes the topics of a competitive marketplace as well as the concepts of advantage in that marketplace.

Thank you for the clip and the summary Taylor Campbell.

2017 0

Parks and Rec — Ron Swanson on Capitalism

Here’s a great clip from Parks and Rec about the free market and how capitalism is a beautiful thing.

2015 0

Parks and Rec — Ron Swanson on Government Intervention

Ron demonstrates how government taxes interrupt the actions of free markets.

2015 0