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> found Milton Friedman in "Freedom and Capitalism" to be more critical of capitalism that I'd have expected (e.g. concerning monopolies and externalities, I re
by falsedan 9y ago
> found Milton Friedman in "Freedom and Capitalism" to be more critical of capitalism that I'd have expected (e.g. concerning monopolies and externalities, I read it a while ago though).
He's against government-enforced monopolies; market capture is fine by him (because surely an upstarted would disrupt the incumbent & wouldn't be subject to anti-competitive actions that kill their business).