Milton Friedman on his Ideal Society

http://www.SwiftEconomics.com/ Milton Friedman is interviewed on Icelandic State television in a discussion with professors from the University of Stockholm and University of Iceland. Individual liberty, setting narrow limits on the government as the constitutional founders envisioned and the family unit being the key element of society are the themes.

Category:

Education

Tags:

• Milton Friedman
• family
• freedom
• individuals
• limited government
• national defense
• justice
• special interests
• bureaucracy
• capitalism
• central planning
• free markets
• greed
• socialism
• state planning
• SwiftEconomics.com
• European Union

[CosmicFork]

@MrGuvnah Corporations wanted a market, but not a Free Market! They wanted the power to fix the terms and conditions of employment on a take-it-or-leave-it basis, and to fix the cost of materials and the price of finished products in the same way. Therefore, the natural tendency of the corporate system was toward COMBINATION and CONCENTRATION. Corporations combined vertically to control each step of the production process. Corporations combined horizontally to control every area of the country.

[1963danno]

Capitalism if left unchecked eventually devours itself because certain people are never happy or satidfied with what they have or how much wealth they have accumulated

[ALJR223]

@1963danno Its amazing your idiocy gets a few thumbs up. Yup, that's it. Everyone is a cheat. If that were the case...why aren't companies colluding now to pay engineers, for example, minimum wage? Why not just pay everyone shit? Oh. That's right, because the business actually has to make a profit. Danny boy, you really should stop posting your idiocy on youtube. How many times do you need to get schooled by me before you decide to go learn something?

[juantrippe82]

I find this video difficult to masturbate to.

[noobler9]

well, this video sounds pretty good to me, of course there are two issues I haven't seen addressed really ever

freaking sweet, he describes what needs to get done even, lol awesome

[mjbowerman]

@normalkuriboh I have not read such positions from Friedman. If you source the positions you are attributing to him I will be happy to take a look at them and reply. I am also not clear on your position. You seem to be a fan of China and Singapore, calling them "healthy and productive"? In the meantime, I do think China's political structure is under immense pressure from the growing middle class. They struggle to censor dissent, and are rapidly changing. As Friedman predicted.

[normalkuriboh]

@mjbowerman Ha. Tell that to China and Singapore. Friedman himself said that Beijing was the free market at work, and it is one of the most repressive regimes in the world. The sort of economic system China and Singapore have are the most healthy and productive forms of capitalism, yet the most politically repressive. The ball is in your court.

[ikilledAeris]

Ron Paul.

[mjbowerman]

@MrRagnarocks How was Milton Friedman "responsible" for putting Pinochet into power? His only contact with Pinochet was during a state visit when Friedman influenced Pinochet to follow the economic policies that ultimately made Chile the continent's greatest success story, producing a middle class that ultimately overthrew Pinochet -- as Friedman (and Hayek) predicted would happen. Economic freedom leads inexorably to political freedom. Thanks Miltie!

[walmartpimp2]

It's no question Ron Paul can win the Presidency, but can he win the Republican nomination? Unfortunately a good chunk of registered Republicans won't vote for Dr. Paul in their state's primaries, and most states have closed primaries. So if you want Dr. Paul to be a Presidential candidate, register Republican(even if you hate Republican's or belong to another party) and vote for Ron Paul in your state's Republican primaries. You can always switch later.

[ratrat222]

@MrRagnarocks I think I smell a troll.