Sunday, February 08, 2009

Video of the week: MIlton Friedman

This clip from the old Phil Donahue show is worth watching even as Congress goes about inflicting unprecedented damage on America's free enterprise system:

Note especially the strength of the ideas expressed by Milton Friedman, as opposed to Donahue's simple-minded protestations.  Note:  I'm not endorsing greed or untrammeled capitalism, just the superiority of capitalism as a model for a free society.

(HT: Instapundit.)


Blogger Morphed Productions said...

note: how simply persuaded people are by a confident tone in someones argument.

Because he's confident does not mean he's right.

Humans are in fact not inherently greedy. We are all products of our surroundings and environment. These notions of markets are bred into our minds since birth, then we regurgitate them be forfilling our 'duty' to society to maintain this obviously foul charade of king vs. peasant, rich vs. poor, have vs. the have nots.

that's all for now, time to go to work to pay off that debt, maybe, someday, right?

Monday, February 09, 2009 3:30:00 AM  
Blogger Lowell Brown said...

Dear Morphed: To say I am sympathetic to your argument would be an understatement. Even so, Friedman asks the most important question: What has worked, historically, in our imperfect world, and has produced the most freedom and best circumstances for the most people? Seems to me capitalism is the answer to that question. Whether or not capitalism is enlightened and compassionate is up to the people who practice it; but at least in a free society they are able to make that choice.

Monday, February 09, 2009 8:31:00 AM  

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