3 ms·
"[T]he 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 ho
by Overtonwindow 9y ago
"[T]he 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 the free-enterprise system."
-Milton Friedman
- dragonwriter 9y agoA pretty quote, but—unless one defines “the free enterprise system” so that it encompasses democratic socialism, social democracy, other versions of the modern mixed economy rather than just classical capitalism as targeted by Monopoly (which, unlike Friedman's statement, predates the widespread emergence of the various forms of the modern mixed economy and the Communist-originated-but-eagerly-adopted-in-the-West conflation of it with “capitalism”), it is rather obviously false, and that was clear even at the time he said it, since the whole reason various forms of the modern mixed economy displaced classical capitalism everywhere in the developed world is that they are generally superior on the point in question.