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Milton Friedman - Greed

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In his book "Capitalism and Freedom" (1962) Milton Friedman (1912-2006) advocated minimizing the role of government in a free market as a means of creating political and social freedom. An excerpt from an interview with Phil Donahue in 1979. http://en.wikipedia.org/wiki/M...

Channel: News & Politics
Uploaded: July 14, 2007 at 2:52 pm
Author: mearbhrach

Length: 02:23
Rating: 4.78
Views: 107866

Tags: capitalism  communism  donahue  economics  freedom  government  philosophy  politics  socialism  

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Video Comments

BostonMA1979 (October 12, 2008 at 4:17 am)
Yeah I heard of the Zapatistas, didn't they cure polio? And wait, the anarchists in Argentina, didn't they defeat the Germans in world war 2? and wasn't the Kerala who figured out how to get that first plane off the ground in Ohio?I think you may be onto something sir.
A86 (October 11, 2008 at 10:40 pm)
"Further, there is no example of socialism/communism working for longer than a couple of generations."Really? Go tell that to the Zapatistas in Mexico or the anarchist communes in Argentina. Both of which involve hundreds of thousands of people. Or go tell that to people who live in Kerala, India, one of the regions in India with the highest levels of literacy, health care and average living standards. It has a democratically-elected socialist government. Same with Libya and Angola.
documentaryunit (October 11, 2008 at 8:51 pm)
Friedman is a loser.
Aleowiciuos (October 10, 2008 at 11:46 am)
Bullshit. Kerala is the most educated and, perhaps most well off province in India. There, exists a democratically elected communist government.
MetaMorphy (October 7, 2008 at 8:26 am)
Friedman should have said, "It rewards productivity---which is a major virtue." Other virtues get rewarded with other things, friendship with friendship, loyalty with loyalty, and trust with trust. So isn't it just that productivity gets rewarded with products.
swixican (October 7, 2008 at 6:58 am)
all individuals are utility maximizing individuals... the one assumption in econ that is worth believing in
maniaco200 (October 7, 2008 at 2:20 am)
"Greed is good" Gordon Gekko
danthemango (October 6, 2008 at 6:38 am)
I absolutely love the way he twisted nonsense and makes me want to buy it! It sounds so nice, but I actually did research on Einstein's theoretical discoveries the newly discovered field of nuclear fission in 1939. It turns out he applied for grants for help on designing this new type of bomb, and true to their non-interventionist government style of 1939 they denied him. Would Friedman had his way we would still be at war with japan
TimLoganKnows911623 (October 5, 2008 at 8:00 pm)
oh yeah...that works.Greed is a great moral family value.
stealthswimmer (October 5, 2008 at 6:12 am)
Wouldn't that prevent the people from running short when getting ready to pay taxes though? Plus, he was an advocate for lower taxes in any circumstance.


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