Milton Friedman - Capitalism, Slavery and Colonialism

Did western democracies gain their wealth through slavery and colonialism? Professor Friedman answers. http://www.LibertyPen.com

Source: Milton Friedman Speaks
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[QCREIGN]

The colonies payed for any technological benefit they recieved in millions of gallons of blood.

[noprofitmaximierung]

1. Can anyone tell me where i find the economic planners? 2.The Banks 1.Where? 2.The taxpayers 1.The Banks plan the economy? 2.Yes, the taxpayer 1.Capitalism? 3.We Want a Free Market! 1.I want Capitalism 3. We Have to Decentralize the Economy 2. You Do That, and tell everyone to compete, production decreases and the economy shrinks 1.I want private companies, no government 2.See 1929 3.Free Market! 1.Capitalism!

[arc175]

@ProIndividual you seem to still be brainwashed

[ProIndividual]

The guy's glasses were the only thing good about him...and capitalism produced them...lol.

Leftism is so economically ignorant.

[2dum2getsocialism]

@Willredd94 70's youth? it is the culture of our universities that produce these useful idiots and they have been churning out the rabble for a century-- the protected monopoly of tenure and the pent up bitterness and envy of the ivory towered professors are the ones to blame -- just look at their progeny at the wall street "protests"

[Willredd94]

Jeez, look at that idiot questioner, tells you how screwed up 70s youth were.

[frost122585]

Friendman was not right about everything but he was right about alot of things. Another brilliant answer.

[PaulBlartMallCop1]

The guy did not ask about the effects of people's contact with the west, he asked about the effects of slavery and colonialism. Friedman's answer was that slavery and colonialism were not what enriched the west. There is no point whatsoever in going into how people benefitted from their contact with the west, which had only to do with the technology (especially after the industrial revolution), and nothing to do with slavery nor with colonialism.

[PaulBlartMallCop1]

I know alcohol existed all over the world(although i'm not sure about sub saharan africa),and hallucinogens were used in europe too,but some drugs were used more in some places and some more in others.I just meant theoretically taking the idea to the extreme,what would be the difference between a culture that only had weed and one that only had opium,for example,or ephedra. It's possible they might arrive at drastically separate technological achievements, not just separate cultures.

[PaulBlartMallCop1]

Losing the lbr of Alexandria was fkd up.Included in that lbr, btw, probably knowledge of subsaharan africa.The lost maya books were a big loss,especially because it was such a different lineage of knowledge.Imagine GKhan invaded Europe and destroyed Greek and Roman writings.Ancient european lineage of knowledge could have become almost myth.There is always room for reasonable speculation about lost civilizations having been greater than thought, imo, because history is written by the conquerors.