Saturday, June 11, 2011

Milton Friedman on Greed

Economist Milton Friedman, in a 1979 interview with Phil Donahue: "There is no alternative way, yet discovered, for improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system." Donahue does his best to argue against capitalism, and extol the virtues of socialism -- and Friedman absolutely crushes him.

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