Milton Friedman Tells Phil Donahue Why Socialism Fails

Milton Friedman Tells Phil Donahue Why Socialism Fails

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  News & Politics

[peter1592]

America needs to remember this man.

[iippo06]

Einstein was a Socialist Mr.Friedman.

[CavalcadeWolf]

How could more crony capitalism be the solution to a problem that was resulted from crony capitalism in the first place? Politicians and the government's "chosen ones" (aka those rich enough to sway politicians for something in return) are taking advantage of this kind of thinking...

[XXQWERTY1114XX]

i don't support that either...that is not capitalism

[XXQWERTY1114XX]

bailing out banks and companies (ie Solyndra) is NOT capitalism, and most conservative capitalists don't support it. Capitalism means free trade, with minimum tariffs and taxes, and our government is turning away from laissez-faire economics with bailouts. i agree with you 100 percent.

[Jim Jennings]

Your statement is so ignorant as to our broken financial system, rigged tax and trade laws, that it defies any intelligent response! The logic you mentioned, is your manufactured logic not mine!!

[Loomr]

So by your logic you must tax the businesses so they wont outsource?

You know they actually outsource to save money in the first place. The more you tax, or the more the unions are allowed to extort, the more likely it is for a business to be outsourced. (Why not just put a gun to their head and make them hire everyone, would that solve it?)

Of course I don't see China as a problem as the Chinese are human beings too and need jobs as well. Them getting wealthier benefits the global economy.

[Jim Jennings]

You certainly don't create jobs in America through tax cuts for greedy corporations to outsource jobs to China for cheap labor, higher profits, and offshore tax shelters!!

[Jim Jennings]

The corporations are receiving tax cuts for creating jobs in China for cheap labor and higher profits, and putting those profits in offshore tax shelters, and this is not beneficial for our society! Today's capitalism rewards corruption through rigged tax and trade laws! What about the Trillions of dollars in government welfare bailouts for the Wall Street banks, whose fraudulent investment practices caused our economic crises?? This is nothing more than socialism for Wall Street!!

[Jim Jennings]

You need to check out those Trillions of dollars in back door interest free loans given to the Wall Street financial institutions by the Federal Reserve (Bankers) to save their fraudulent worldwide investments!

[Jim Jennings]

You regulate the banks back to what they are suppose to do, and that is simple banking matters instead of fraudulent financial investment practices that cause an economic crises!