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Capitalism: The American Revolution
Overview Transcript Case Study Video
There are 19 million owners of very small companies which are most often based upon individual insight or in-depth knowledge.
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Capitalism Is Organized
Around The Mind

MICHAEL: When I realized that the dictionary definitions were wrong, I had to think well what is correct. And I thought what's really new about the world, Lincoln caught better in an address.

He gave a wonderful talk on the six great moments in the history of liberty. Started with Adam and Eve. And one of the moments, which really surprised me, was the patent and copyright act. And he says that was so brilliant.

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Transcript Segments
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1. Capitalism is the Only Proven Path from Poverty to Prosperity
2. The American Version Of Capitalism Has Not Been Articulated Well
3. Many Owning A Little Is Better Than a Few Owning A Lot
4. Business Owners Are Not Elites
5. Capitalism Requires A New Attitude About the Creation of Wealth
6. Struggle for Improvement
Is A Moral Duty
7. Capitalism Does Not Thrive Unfettered
8. Capitalism Depends
Upon Hard-Working People
9. Democratic Capitalism Is A
Three-Legged Stool
10. Business Is Not About Greed
11. Capitalism Is Good For The Soul
12. Capitalism Is Organized
Around The Mind
13. Small Business Is The Most Important Institution In A Civil Society


And I'm going to say it in my own words, but his words are eloquent. But in my own words it was that for the first time in history, the main form of wealth will not be land, as it had been -- even in the Homestead Act, 70 acres -- but the intelligence, the ideas, the insights that led people to treat their land or anything else in a new way.

The main cause of wealth would be the head. I like to say caput. The root term for capital - the discovery, invention.

Lincoln talks about how the man who discovers a new strain of seed for grass and develops a kind of grass that is richer and better and more nourishing than other types, can improve somebody's crop six fold or eight fold, and that new wealth sprang from the mind. And therefore the earth is much richer than we think it is because God gave us minds to improve.

God invited human beings to take part in his own creation. To be co-creators with God and bring out of the earth things that lie fallow and hidden there.

(Voiceover) Ideas matter more than ever before and it's astonishing how many things are born in someone's mind and something comes to be that was never there.

Ideas are really very, very powerful. And if you think about it ... that's what capitalism is. It's the first system organized around the mind, around invention and discovery.

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