Milton Friedman - Morality & Capitalism

Milton Friedman responds to questions of morality and principle regarding capitalism. http://www.libertypen.com

Category:

News & Politics

Tags:

• choice
• company
• economics
• electric
• ford
• free
• freedom
• individual
• liberty
• market
• pinto
• principle

[andentoren]

@JoshMan522 You clearly do not get Friedman's point. If you buy a smaller car, you know that it is more unsafe than a big car, yet you still do it because it is cheaper. So you sacrifice safety for money. It's the same thing with the plastic part, except that Ford did not inform you about it. And Friedman also says, that you should be able to sue companies that conceal such things. That makes it unprofitable to do. So where is the problem?

[LibertyRealm]

@JoshMan522

The kid was probably gay

[kriskats19]

@DoneWithDogma It's not hypocrisy because we don't advocate telling other people what they should do. Workers are best off when they are employed, and a free market is the best way to employ workers. The further that countries move away from free markets, the worse the conditions in the country. The hypocrisy with liberals is that they think that people are too stupid to solve their own problems so they need some elite person (which is deemed by them to be smart) that can solve all the problems.

[DoneWithDogma]

the hypocrisy of the libertarians is that they advocate an unfettered free market system with no regulations, yet they don't want to work at Foxconn or apple over in china where workers are committing suicide, they don't want to work in a sweatshop with abysmal labor laws, no union, no worker rights, they love the idea of an unfettered free market, they just don't like the actual results of their ideology. Start putting your money where your mouth is libertarians and move to China or India.

[dannyc525]

@dtorfleming Lives being destroyed, ecosystems being poisoned is inevitable regardless if it is through Capitalism or not. Let say car is made/invented without using Capitalism to achieve it, are you saying cars won't be destructive to the environment or job being replace anymore? Again, I do not see how tribesmen getting screwed by the Gov't have anything to do with Capitalism. Let say you bought a house and later find out someone is living in it, you blame this on Capitalism?

[Ares3ful]

@LibertyRealm Niger is a country!!!! I am not racist!!!!, hope your joking!!!!!!

[LibertyRealm]

@Ares3ful

"Niger"

You racist!

[xxxrrrxxxrrr]

@LibertyRealm Michael Moore he is (as I've understand).

[Ares3ful]

@fzqlcs That's a disgusting comment life is not about making more money for good social treatment and that's where Friedman failed his view on humanity. we are not talking about middle classes a middle class has the privilege to rearrange priority's where the poor don't have any you know. Milton Friedman' view on monetary policy worked very well in Congo, Liberia, Zimbabwe, Somalia, Niger and Malawi.

[heavym3tal]

@andentoren interestingly enough, the internal memo on the Pinto's gas tank is not the full truth. In a 1991 paper, The Myth of the Ford Pinto Case, by Gary T. Schwartz said the case against the Pinto was not clear-cut. Reasons: 1) The Pinto Memo wasn't used or consulted internally by Ford, but rather was attached to a letter written to NHTSA about proposed regulation, 2) The Pinto's fuel tank location was commonplace at the time in American cars. (taken from Wikipedia and cited)