Frederick Douglas on Free Trade, Immigration, and M Friedman

Since there is too much fawning cult-like praise on YouTube for Milton Friedman, I thought I'd bring Frederick Douglas out of retirement to chop Friedman down to size. The guy supported fascist dictatorships like Pinochet, endorsed Nazi austerity policies (and by that, I mean the policies of Hjalmar Schacht, the man that the British and Wall St. installed as the real dictator to enforce the debt payments by which he used the Nazi's to crush the German population), and can largely be blamed for the retarded way of thinking of policy makers in deciding "economic" policies. Collapsing bridges? Lost all our industry? Thank Milton Friedman.

Category:

People & Blogs

Tags:

• Milton
• Friedman
• Frederick
• Douglas
• Free
• Trade
• Slavery
• Immigration

[atarirocks15]

His video doesn't seem to work. Kind of like how his arguments don't work.

[Amiduffer]

@atarirocks15 As long as he got people to suspend belief in reality, then he got people to go along with his snake oil.

[gcard86]

@Amiduffer Perhaps if you could read it would be better. Having said that, why do you suppose the Chinese came to America if things were so bad for them? Why do Mexicans poor across the borders to the US? Its because Capitalism has made this country great! And even the poor in this country are rich compared to the poor of other countries.

[Amiduffer]

@gcard86 A lot of my videos involve reading something foolish person. I take it your reading material is limited to People magazine and the Weekly World News.

[MegaAstrodude]

Friedman was definitely a rabid free-trader, but he also supported generally open immigration.

All of the early Republicans except Walt Whitman were soft-protectionists and favored trade, but with tariffs so that cheap labor couldn't undercut the US in its own market.

[Suarez23]

What?

[GoingGoingGalt]

@Amiduffer It wasn't a dichotomy, but a comparison, showing you how your argument is false because a market where everyone is free to trade with their labor performs better than a slave society. Why did the northern states industrialize but not the southern ones until AFTER slavery was abolished? You can't claim that they both had high tariffs AND were raw material exporters to England. England would do better in India, which Jacob Viner proved cost more than with free trade with India

[Amiduffer]

@GoingGoingGalt The northern states industrialized with Alexander Hamiltons American System. The Slave states were just raw material exporters to England and their global slave system which is why the southern legislators were all fanatical free traders. The Meiji Restoration was based on Hamilton and Henry Carey. There's no dichotomy.

[GoingGoingGalt]

@Amiduffer As for genocide, thats an even less educated claim. There was a project called Economic Freedom of the World, which ranked the countries of the world based on their economic freedom. When compared with the Democracy Index and the Global Peace Index, they found that economic freedom was 54 times more correlated with peace than political freedom. This is because in a free market people have to peacefully cooperate in order to make the most gain for themselves

[GoingGoingGalt]

@Amiduffer Thats just a non sequiter. Friedman himself pointed out how Great Britain, Japan following the Meji Restoration, and the northern United States not only survived without slaves, but had excelled and surpassed slave societies in terms of development. You make a false dichotomy and a false generalization. Thats perhaps the biggest sign of your immaturity