Tuesday, October 15, 2013

Milton Friedman's opposition to corporations

This is a short clip of Milton Friedman where he both defends both the idea that corporate power needs to be held in check and a hands-off approach from the government.

This is an important concept in free-market economics that its critics have notoriously misunderstood. If this concept was widely understood, that opposition to corporate welfare is a central tenant of capitalism, then we would have a lot more libertarians in the world.

1 comment:

  1. "notoriously misunderstood"

    Oh come on, that is certainly true of many critics, but I have a hard time believing they actually don't get it. If reality gets in the way of their rhetoric, than those facts are be evil and should be dispatched with extreme prejudice.