Capitalism: What Makes Us Free?54:04


What's the role of government in society? What do we mean when we talk about individual responsibility? What makes us free? 'Neoliberalism' might feel like a squishy term that's hard to define and understand. But this ideology, founded by a group of men in the Swiss Alps, is a political project that has dominated our economic system for decades. In the name of free market fundamentals, the forces behind neoliberalism act like an invisible hand, shaping almost every aspect of our lives.

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Photos: Default list title

For decades, the New Deal shaped America's economic system, until a fringe political project and ideology eventually eclipsed the old system with one that put the free market above all. (Martin Bernetti/AFP via Getty Images)
Friedrich von Hayek at the end of the 30's. Hayek founded the Mont Pelerin Society and was an early leader in neoliberal thinking. (Apic/Getty Images)
Milton Friedman, the Nobel Prize-winning economist who was one of the most influential economists of the 20th century. (Keystone/Getty Images)
President elect Ronald Reagan (fifth from left) meets with his top economic advisers, including Milton Friedman (second from left) to discuss his economic agenda. (Bettmann Archive/Getty Images)
President Bill Clinton addresses a White House conference on Social Security in 1998. (Robert Giroux/Getty Images)

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