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Milton Friedman - Crony Capitalism and the Free Market
**I DO NOT OWN the copyrights for this video**
Original video - https://youtu.be/J34J7dvbV1w
'Professor Friedman shares his subtle and sophisticated understanding of how the American economy — not to be confused with the free market — operates.'
*A personal message to all the capitalists out there -
Capitalism is not an end goal, it is a methodology. It is the usage of whatever resources/capital an individual (or a collection of individuals) have in their possession (which would be their property, both mental and physical) for their own benifit/profit.
Every human being engages in capitalism whenever they buy or sell, or whenever they render some service to others or utilize some service themselves. Every nation/kingdom/tribe throughout history has engaged in some form of capitalism.
But capitalism is not an end goal.
Slave trade is capitalism and so is freelance photography. The difference between them is the end result, i.e. slavery or freedom.
Capitalism (like capital itself) is a tool and can be used wisely or unwisely.
For me, the end goal is always Liberty, Truth & Freedom (in no particular order).
However, I also understand that the end (however desirable) cannot justify immoral means. Freedom for some cannot come at the expense of slavery for others.
"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."
- Adam Smith
"...who having nothing in them of the feelings or principles of ’76 now look to a single and splendid government of an Aristocracy, founded on banking institutions and monied in corporations under the guise and cloak of their favored branches of manufactures commerce and navigation, riding and ruling over the plundered ploughman and beggared yeomanry. This will be to them a next best blessing to the Monarchy of their first aim, and perhaps the surest stepping stone to it."
- Thomas Jefferson
--------------------------------------------
More videos from Dr.Friedman -
Big Business, Big Government -
https://www.bitchute.com/video/qZzEuHBlGInb/
The Proper Role Of Government (Part 2) -
https://www.bitchute.com/video/3prVLXe0XtyJ/
The Proper Role Of Government (Part 1) -
https://www.bitchute.com/video/33ZlDg5GhjCK/
Resources and Value -
https://www.bitchute.com/video/yFMJfPo0G6WQ/
The Great Depression Myth -
https://www.bitchute.com/video/nzPrulgdyW8Z/
Government Health Care -
https://www.bitchute.com/video/EMBJqLbo5J6H/
Why People Give Up Their Personal Freedom -
https://www.bitchute.com/video/n3HOiTzrCVMB/
Overwhelming Public Demand Myth -
https://www.bitchute.com/video/mpSbQMSNWFzt/
Liberty And The Ordinary Man -
https://www.bitchute.com/video/Ho29XQZ269Uj/
Freedom Not To Act -
https://www.bitchute.com/video/PVcEnITK6PUt/
Socialized Medicine -
https://www.bitchute.com/video/efRIMR3bMtLn/
Timeless Principles Of Freedom -
https://www.bitchute.com/video/f3Y398J4WzAJ/
Creating Disrespect For The Law -
https://www.bitchute.com/video/WFSn2V8t5vDP/
Path to a Free Society -
https://www.bitchute.com/video/zV0KYDXssisJ/
Socialism Is Force -
https://www.bitchute.com/video/AbCdmqLB15OF/
How To Cure Inflation (Part 1) -
https://www.bitchute.com/video/WKOvbPTnzAC6/
Collectivism -
https://www.bitchute.com/video/M4Zf8nhUXER8/
India And Handlooms -
https://www.bitchute.com/video/ER1FBNjxOuTJ/
Lessons Of The Great Depression -
https://www.bitchute.com/video/VHk75jOLv1xv/
Category | Education |
Sensitivity | Normal - Content that is suitable for ages 16 and over |
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