Milton Friedman - The Free Lunch Myth

Milton Friedman explodes the myth that government can provide goods and services at no one's expense. Full video available for purchase at www.ideachannel.com
http://www.LibertyPen.com

Source: Milton Friedman Speaks
Buy it: http://www.freetochoose.net/store/product_info.php?products_id=152

Category:

News & Politics

Tags:

• economics
• poverty
• free
• market
• capitalism
• inflation
• taxation
• Social
• Security
• government
• liberty
• libertarian
• freedom
• tyran

[Vindigary]

@habadashery2009 It's a great vision you have. I honestly like the idea, and I think technology is really cool. I think, one day, you're machine-serviced world will exist. I do think you're living a few hundred years in the future though. It's just not possible right now. To suggest that corporations are purposefully holding back technology as part of a grand, global scheme to keep power is really far-fetched.

[jeffiek]

@habadashery2009 "This knowledge is held from the public becuase no one wants to work."

Always with the mythical, unseen claims. BULLSHIT. Show me the patent #s

Even so, while the KNOWLEDGE to build sophisticated machines may exist ( real ones, ones with patent #s ), the machines themselves still have to be built. And that costs MONEY ( or if you're a TZM idiot - resources ).

Only an idiot would pay millions for a machine to replace a burger flipper at MacDonalds.

[habadashery2009]

@Vindigary it would only make short term profits, if no one is making money for labour they can not buy anything and thus money would be worthless, that is why machines haven't taken over all labour. Machines are capable of the intelligence required for all service industry jobs and are even capable of replicating, fixing, and improving themselves. This knowledge is held from the public becuase no one wants to work.

[Vindigary]

@habadashery2009 If a company could have robots do the work instead of humans, it would be financially advantageous. Robots don't need food, breaks, sleep, unions, the list goes on. You're talking about technology that doesn't exist. If you've ever built a house you shouldn't even be close to confused about this. There are many things that machines don't have the dexterity or intelligence to do yet.

[habadashery2009]

@Vindigary so your saying that its not in a companies best interest to have a workforce in order to have an exchange of money so that the company can get more money.

[Vindigary]

@habadashery2009 I don't think what you've been sniffing is called reality...well...maybe that's what you call it.

[habadashery2009]

@Vindigary Becuase if there was no workforce there would be no money transactions and thus capitalism would not work. Thus it is within business owners best interests to keep people working unnecessary jobs. You should take a sniff of some reality

[Vindigary]

@habadashery2009 Wow! I understand there are conspiracies, and it's all about money. But, holy fuck! You're giving these people too much credit. Sure, they're clever conspirators, but the machinery "has't been used yet because it would destroy capitalism?" You need to come back to reality. Even supposing you're sane, you're argument doesn't make sense anyway. How does it benefit ANYONE to hold back technology for the sake of keeping an UNNEEDED human workforce?

[habadashery2009]

@Vindigary You aren't listening to what I am saying, the whole point of machinery is to completely eliminate work so that corporations can't use the working class as slaves and we have the technology today to do it. The only reason it hasn't been used yet is becuase this would destroy capitalism, technology is being held back in order to perpetuate the need for the work force.

[Vindigary]

@sinistar99 Somalia? Free market economy? What the FUCK are you talking about? You're a complete idiot! How could you utter such nonsensical conjecture unless you have no clue what you're talking about? You're just repeating communist propaganda, and you're so stupid you don't even realize what you're doing.