Corporatism and Medicare
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Uploaded by WideWorldOfWisdom on Dec 8, 2009
Milton Friedman responds to a conjecture concerning Medicare and corporatism.
From:
Free to Choose Vol. 1: The Power of the Market (1980)
- 56 likes, 0 dislikes
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Uploader Comments (WideWorldOfWisdom)
Top Comments
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Milton Friedman just shredded anyone who tried to debate him
1 year ago 14
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Just listen to the last 10 seconds of the clip and it's as relevant as ever. The entitlement programs are great but eventually at the rate they are going right now there are going to bankrupt the country. You either have to up the contribution rate, give less services, means test or some combination of the three.
1 year ago 10
All Comments (48)
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@riser185 Entitlement programs are not great. It's no different than mugging for charity.
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Wow. I am always amazed by Milton Friedman's ability to make simple, cogent rejoinders that destroy such commonly held fallacies. "It [Medicare] is not a free good. It doesn't come from nowhere." That is something everyone forgets in debates about entitlements.
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@cesar333, people in the US abandoning their parents is the result of the welfare state. It's just too tempting the refer your sick folks to the multi million dollar aged care industry than to do it yourself.
I haven't researched this too much, but I do believe families looked after their elders pre 1930.
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@LibertyDownUnder Japan has a culture of providing and caring for their parents at old age. We in the US basically abandon our parents. Its not a necessary good thing for old people to work at a very old age.
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@s0beit We will loose big time because the people our parents age are quick to run off into wars without paying for it.
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I would like dare anyone to try to get rid of medicare.
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Michael Harrington 'People over 65 today are freer because of Medicare'?
That is an oxymoron. You are FORCED to participate, and as Milton points out WHO PAYS?
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@WideWorldOfWisdom Yes I guess you are right, too much whisky , but a sharp dude nonetheless
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As a young man milton was a sharp dude
marquisevirginie 4 months ago
@marquisevirginie
You do realize he was almost 70 when this video was filmed...
WideWorldOfWisdom 4 months ago
@marquisevirginie
You do realize he was almost 70 when this video was filmed...
WideWorldOfWisdom 4 months ago