Sure, capitalism produces a lot of great stuff, but doesn’t it rely on greedy, selfish people who care only about themselves?

It’s likely that you’ve heard that question. So has Dr. Mark Steckbeck, assistant professor of economics at Campbell University. He offered an alternative view during a presentation today to the John Locke Foundation’s Shaftesbury Society.

Steckbeck explained how competitive markets help guide us to produce for others as we pursue our self-interest. He discussed that topic in the video clip below.

3:30 p.m. update: Click play below to watch the full 54:08 event.

You’ll find other John Locke Foundation video presentations here.