Friday, August 11, 2017

Milton Friedman on Collectivism vs the Free Market

8/12/17. The arguments for the free market are subtle and hard for people to understand.
“The argument for collectivism, for government doing something, is simple. Anybody can understand it. 'If there's something wrong, pass a law. If somebody is in trouble, get Mr. X to help them out.' The argument for voluntary cooperation, for a free market, is not nearly so simple. It says, 'You know, if you allow people to cooperate voluntarily and don't interfere with them, indirectly, through the operation of the market, they will improve matters more than you can improve it directly by appointing somebody.' That's a subtle argument, and it's hard for people to understand. Moreover, people think that when you argue that way you're arguing for selfishness, for greed. That's utter nonsense.”
— Milton Friedman
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