W2 PL2 | Capitalism and Socialism: Ideal and Real | Jason Brennan
Channel: Penn Initiative for the Study of Markets
Date: 2024-03-14

Professor Jason Brennan (Georgetown) scrutinizes the prevailing moral justification for socialism as the most desirable economic system, despite its impracticality due to incentive-related issues. He argues that it is unfair to compare economic systems by juxtaposing utopian socialism with real capitalism. He asserts that, under utopian conditions, capitalism and the system of market exchange based on private property are morally superior to socialism.