Milton Friedman on Self-Interest and the Profit Motive 1of2

What an insolent prick. You've gotta love all these university students who don't have the facts, and then get up on their soap boxes to complain.

What is this little idiot's solution? Just have government impose his idea of morality? Everyone knows Government does eveything it does so well... His example of someone dieing because his electricy was truned off...What is the solution? Don't let power companies turn of peoples electricity? What would the consequences be? hmmmm.. If you are in a buisness where you don't get paid for what you do...you quit... And no more electricity...This isen't hard to understand.

people sometimes call other people DENSE.... its not because they are stupid but because they dont allow new ideas into their head.

that kid was a stubburn person, who was asking questions as "gotchas" and now allowing Friedman to answer. If the Dense kid would have allowed Friedman to answer, perhaps he would have understood, the things he was asking about, a little better.. But he was not interested in understanding this correctly.. only to somehow prove Friedman wrong.

where can I find the full interview ???

Why are "free market" and "capitalism" confused? There is a lot of economic activity that is parasitic. Like gambling, entertainment, porn, excessive speculation, etc.

Very large corporations have no stock holder with a controlling interest. When they fail or do evil can it be blamed on capitalism?

Milton's point about it works best if everyone acts in their own interest is intriguing. Take the case of a shoal of Sardines or a flock of birds beings attacked by a predator(s). They all swirl around as if one united body evading capture. However, studies showed that actually each fish or bird was acting independently keeping the perfect distance from its fellow so it would not be caught RATHER than all helping each other not get caught. The fact they all got scoffed has never been explained..

Wow, I love the way he controls the room. Polite, witty, and extraordinarily knowledgeable.

How lucky would you be to have had this exchange with Friedman

Hippies really should stop trying to speak in a scholarly manner.

On second thought, they should keep doing it so I have ample sources of humor.