A patron of Economic Update asks: "Milton Friedman said it was foolish to expect a legal fiction such as a corporation to have a moral sense. The moral sense, he said, was resident in the people operating the corporations. Why is the trouble with capitalism systemic and not simply an indictment of the people who feel compelled to seek all power and profit through it? Why can't capitalism work with completely honest and moral people? There surely are decent, honest and moral people in sufficient numbers to operate the economy. What prohibits this from happening?"

AskProfWolff is a Democracy At Work production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us make this possible.