Free markets have exponentially improved the well-being of humanity and lifted more people out of poverty than any government program. But severe inequalities persist, and gaps have widened in the past thirty years. Is this a problem in and of itself? Or only to the extent it is caused by unfairly distorting the market with the help of government – so-called “crony capitalism" – as opposed to the inherently unique capabilities of each individual? How should the law be structured to ensure a level playing field?In this panel, Yaron Brook joins Prof. Thomas Edsall, Adjunct Professor of Journalism, Columbia Graduate School of Journalism, Prof. Jason Johnston, Henry L. and Grace Doherty Charitable Foundation Professor of Law, University of Virginia School of Law, and Prof. Steven Teles, Associate Professor of Political Science, Johns Hopkins University. Moderated by Hon. Jerry E. Smith, U.S. Court of Appeals, Fifth Circuit.This panel was presented at the Federalist Society 2016 National Student Symposium on Friday, February 26, 2016, at the University of Virginia School of Law.Like what you hear? Become a sponsor member, get exclusive content and support the creation of more videos like this at https://www.yaronbrookshow.com/support/, Subscribestar https://www.subscribestar.com/yaronbrookshow or direct through PayPal: paypal.me/YaronBrookShow.Want more? Tune in to the Yaron Brook Show on YouTube (https://www.youtube.com/ybrook). Continue the discussions anywhere on-line after show time using #YaronBrookShow. Connect with Yaron via Tweet @YaronBrook or follow him on Facebook @ybrook and YouTube (/YaronBrook).Want to learn more about Objectivism? Check out ARI at https://ari.aynrand.org.