Milton Friedman Socialist -vs- Capitalist Greed



when you see around the globe the mail distribution of wealth the the desperate plight of millions of people in underdeveloped countries when you see so few haves and so many have-nots when you when you see the greed and the concentration of power with it don't you ever did you ever have a moment of doubt about capitalism and whether Greed's a good idea to run on well first of all tell me is there some society you know that doesn't run on greed you think Russia doesn't run on greed you think China doesn't run on great what is greed of course none of us are greedy it's only the other fellow who's crazy this the world runs on individuals pursuing their separators the great achievements of civilization have not come from government bureaus Einstein didn't construct his theory under order from a from a bureaucrat Henry Ford didn't revolutionize the automobile industry that way in the only cases in which the masses have escaped from the kind of grinding poverty you're talking about the only cases in recorded history or whether where they have had capitalism and largely free trade if you want to know where the masses are worth it worse off worst off it's exactly in the kinds of societies that depart from life so that the record of history is absolutely crystal clear that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by free-enterprise so it seems to reward not virtue as much as ability to manipulate the system and what does reward virtue you think the communist commissar award virtue you think a Hitler rewards virtue you think excuse me if you'll pardon me do you think American presidents reward virtue do they choose their appointees on the basis of the virtue of the people appointed on the basis of their political clout is it really true that political self-interest is nobler somehow than economic self headers you know I think you're taking a lot of things for granted and just tell me where in the world you find these angels who are going to organize society for us well I don't even trust you to do that




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