Not half bad although, I would argue that indeed a top down system is always necessary, sure cooperation works with suits, but in war? Real crime? Disease? Complex trading economies? No you need government.
Still a lot better commercial than the usual "Derp derp a do, Im a cool Mormon."
also this video has nothing to do with free markets. to imply the credit system or anything of the like cannot be implemented or could not have evolved from anything other than a free market economy is ridiculous.
id press further but i dont give a shit. also i googled the guy in the video and hes a philosophy professor from a shitty university. not that that fact automatically invalidates his arguments but it does lend further credibility to the notion that his economic ideals are based on vague and naive philosophical principles rather than how the world actually works.