Delivered at Cornell University. Brochure summary:

The question is irrelevant. Capitalism per se is not humane or inhumane. Nor is socialism. If we compare the two in terms of results, it is clear that only capitalism fosters equality and works toward social justice. The one is based on the principle of voluntary cooperation and free exchange, the other on force of position and power. In a free economy, it is hard to do good-you either have to use your own hard-earned money to do it or work hard to persuade others to your course. But by the same token, it is difficult to do harm because by preventing a concentration of power, capitalism prevents people from committing sustained, serious harm. Is capitalism humane or inhumane? It is neither. But it tends to give free rein to the human values of human beings.

"Capitalism has repelled people, it has driven them away from supporting it, because they have thought it emphasized self-interest in a narrow way. They were repelled by the idea of people pursuing their own interests rather than some broader interests. Yet it is clear that the results go the other way around. Only those countries in which capitalism has prevailed over long periods have experienced both freedom and prosperity."

Additional summary generated by Hoover:

At the beginning, Friedman, clearly animated, responds to protestors criticizing his work in Chile. He also speaks about what freedom of speech means.