Milton Friedman on Self-Interest and the Profit Motive 2of2

Who after knowing the risk of death would not pay the extra 13$ if that option was offered?

please tell me where I can find 15-part lecture series?

@SuperColeman88, as a libertarian, I enjoy hearing things like this.

I really dont associate myself with either party,but you could say i lean to the right on most issues. I dont like to put a title on what i beleve in ,but if i did you could call me a freadom loving conservative libertarian if that makes any sense to you.

Right, I thought you meant you're anti-democracy! I'm British, hence the confusion (divided by a common language) Soz. I was in attack dog mode after needing to pwn some communist girl in a seminar at uni yesterday, who literally doesn't beleive in democracy and thinks certain people should control the market. People like that invariably do not consider what 100% control of the market entails: everything bad and uncompetitive, unfair and unequitable that we may find in capitalism is WORSE under

Well i think we are on the same page now. Here in the states we have a huge problem with the same stuff you have been describing. sorry about my Language earlier,

No problem! I should have realised you were referring to the Democratic Party. Anyway, this commie at uni doesn't understand how the market is more humane than some people having absolute control over the economic actions of the majority, because it works through negative not positive processes, ie it is natural and not an intervention. Where liberty produces unfair and inefficient results it can be regulated, but to destroy liberty is to entrench absolute unfair inefficiency, 100% mercantilism

In that sense it is feudalism but worse than we have known it before, because the rulers forcibly prevent any economic activity below them, so they can ordinate everything for equality-but it is a system of feudal inequality, where capitalism has been retarded to the state where it is fettered by subjugation preventing enterprise and efficiency and choice and freedom. Communism is effectively what we had 1000 years ago-the King and his Lords owning everything and everybody.

worse under communism because such communist leaders have absolute control over society and capital. Hence unilateral trade with China-their enslaved workers are presented to western comapnies as cheap labour, the proceeds go to state capitalist finances which continue the subjugation of chinese people, who have no ability to trade or profit from the wealth their labour creates, meaning they haev few imports. This keeps the dollar artifically high against the yuan. It's a communist scheme to