Wendy’s — Choice is Good

This Wendy’s commercial picks fun at Soviet economics that were notorious for limiting options available to consumers in the name of efficiency, but monopolistic competition in a capital market thrives on product differentiation and the ability to cater to people’s preferences.

Thanks to Rob Szarka for the find!

Moscow on the Hudson — Coffee Aisle

 

Robin Williams stars as a defected Soviet living in the United States in Moscow on the Hudson. His shift from communist markets to American-style markets is a bit overwhelming as he visits a grocery store to find the coffee aisle. After realizing that there’s no line to buy coffee and that there are a dozen varieties of coffee, he passes out in the middle of the store.

Demolition Man — Economic Freedom

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.

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