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I, Pencil: The Movie



A film from the Competitive Enterprise Institute, adapted from the 1958 essay by Leonard E. Read. For more about I, Pencil, visit http://www.ipencilmovie.org.

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20 رأي على “I, Pencil: The Movie”

  1. Once upon a time, there was a world where nobody pursue his own benefits without knowing bad consequences that other people can get from those. once upon a time there was capitalism without poorness. Once unpon a time there was a tale.

  2. I actually like these concepts in general, but I still gotta say it's 2017 and it's about time we admit the idea that there's an "invisible hand" is a stretch at the very least. Skeptics in every other area would demand better evidence for something like that then the fact that people communicate and plan their methods of producing goods and services. In economics, the exceptions to the rational self-interest of all individuals and groups on the market coalescing into a harmonious invisible hand are called "externalities". What is that, anyway? Is that a well-accounted for variable? No, it's just their way of saying it's something they can't account for because they already made certain assumptions to do the math that make it impossible to account for. If you take a good economics course, this is the first thing the instructors and the textbooks admit and explain clearly. In a lot of cases, monopolies themselves within the market that are supposed to be part of the market, but because they're run by very wealthy humans who tend to act more irrationally the more wealthy they become, are now as damaging as the "externalities" serving the irrational interests of those people alone instead of the community. Usually, once you have multiple businesses and make trillions investing, you're not interested in things like coming together with a ton of other, significantly less-rich people to make cheap creative & technical tools for the masses like pencils (unless you're a capitalist and a philanthropist which is possible and somewhat common to be fair). Why complicate and confuse things by saying "invisible hand" anyway? Is it really so hard to just say "combined effect of all the people on the market"? I mean, there's no metaphor for the 5 fingers or any explanation as to why this whole process should be likened to a hand. That's all I'm saying. Interesting though. I like videos like this that also admit things like at 5:22: "If we can leave the creative energies of humankind uninhibited, there's no limit to what we can accomplish". That is incredibly true and I hope all these ultra-capitalists understand that that also means giving everyone the basic needs (food, water, shelter, healthcare) regardless of the state of the market will enable everyone on earth to contribute their creative energies too which will mean a lot more entrepreneurial spirit and inventiveness and all of the stuff that ever could be considered evidence for an invisible hand. If the free market is so amazing, lets see it make that happen and enable the whole world to live, learn and create! Otherwise, my economics textbook will tell you that externalities that stagnate the market are best resolved through government intervention. If there is an invisible hand, sometimes it can't control itself and goes haywire, so the best kind of market system is still up for grabs. Policies like medicare for all, free college (just like all schooling up to college is already free) and universal basic income will allow people to survive and stay healthy so that they can focus on making their contribution to humanity instead of worrying about feeding themselves. Doesn't anyone understand that once the majority of people who have good ideas can finally have the time and resources to implement them, this whole invisible hand pencil magic trick effect will triple a million-fold and our standard of living will increase so much that we probably won't even need to worry about money at all anymore?? That's called "evolution" and it's a real science.

  3. A pencil's family tree. We could had had cell phones in the 1960's in not for regulations. Arthur Brooks… Fair, Just. President A. Enterprise Institute. Happiness Earned not given by others! Life, Liberty and the Pursuit of Happiness.

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