Free or Equal

Free or Equal is a compelling documentary starring Johan Norberg, a well-respected Swedish author and historian. Released in 2011, the film is a thought-provoking examination of laissez-faire economics and the sweeping impact that free-market policies have on societies worldwide. It puts the spotlight on the economic, social, and political freedom that can be garnered through unregulated markets, as advocated by F.A. Hayek and other believers of neoliberal policies.

The film is a 60-minute exploration and defense of the unhampered market and its liberating power. It delves into how open markets can foster economic growth, social mobility, and political freedom. However, it is not blind to the criticisms and misconceptions associated with this economic system, unpacking and refuting these critiques throughout the film's duration.

Johan Norberg, who both stars in and narrates the documentary, takes the audience on a global journey, providing insights into free-market triumphs and failures across a range of countries. From the booming markets of Hong Kong and the high-tech industries in the United States, to the rise and fall of the Swedish welfare state and economic depression in Zimbabwe; Norberg provides a diverse sampling of how laissez-faire economics manifests in different cultures and societies.

Using his deep knowledge of economics and universal human behaviors, Norberg convincingly argues that societies that have embraced the principles of the free market have also seen astronomical growth in wealth, increased innovation, and improved human conditions. He proves this by taking viewers through several real-life case studies, seamlessly integrating history, economics, politics, and human stories into a comprehensive overview of the free market economy system.

In Free or Equal, this economic construct is not merely depicted as a system for materialist benefit, but as an essential framework that allows human beings to exercise their independent will, encouraging creativity, competition, and personal growth. The film suggests that could be the key to unlocking the full potential of human beings and civilizations, leading to comprehensive shifts in societal norms and structures.

At the heart of Nirberg’s exploration is a recounting of the life and ideas of Friedrich Hayek, a seminal economist and philosopher of the 20th century known for championing the power of the free market. The film presents Hayek’s work in easily digestible segments, helping both neophytes and scholars understand the fundamental concepts and principles behind this economic theory. The movie uses Hayek’s teachings as a point of departure to tackle varying degrees—the ways in which market freedom can serve as a catalyst for liberty, prosperity, and societal progress.

The film also investigates the darker aspects of free-market capitalism, exploring the economic collapse of 2008 and the role of deregulation in it. Norberg directly addresses criticisms of Hayek’s theories, objectively dissecting the perceived detrimental effects of unchecked capitalism such as wealth disparity and environmental degradation. But rather than deferring entirely to these criticisms, the documentary seeks to provide a balanced and nuanced take, always returning to the central notion that free markets, when responsibly managed, are a key ingredient to prosperous and free societies.

In essence, Free or Equal offers an astonishingly wide-ranging perspective, handling dense economic theory with aplomb and showcasing Norberg’s skilful ability to illuminate complicated ideas. The film is a vibrant blend of accessible lectures, on-the-ground exploration, and personal anecdotes that make it both educational and endearing to a wide range of viewers.

Armed with a candid camera, poignant storytelling, and a wealth of empirical evidence, Norberg succeeds in leading his audience on a captivating journey. This path is filled with compelling demonstrations of market successes and sobering illustrations of authoritarian flaws, ultimately leaving audience members to contemplate the role that economic freedom plays in their lives and societies.

Free or Equal provokes thoughtful consideration of one's own economic attitudes and knowledge, making it a valuable watch for both seasoned economists and those new to the subject. Whether you're a student, a scholar, a policymaker, or someone interested in understanding the mechanics of the world better, this documentary is bound to stir your curiosity, challenge your assumptions, and expand your understanding.