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Milton Friedman - Resources and Value

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First published at 19:05 UTC on August 13th, 2020.

#miltonfriedman
#resources
#value

FractalGeography

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*I do not own the copyrights for this video*

Original video - https://youtu.be/6gF0i6bA8sk

'How can a free enterprise system be sustainable? Can it be sustainable?'

In this video, economist Milton Friedman explains to us where the valu…

*I do not own the copyrights for this video*

Original video - https://youtu.be/6gF0i6bA8sk

'How can a free enterprise system be sustainable? Can it be sustainable?'

In this video, economist Milton Friedman explains to us where the value of any resource comes from and why the zero-sum bias leads to numerous fallacies. Dr.Friedman also mentions the Club of Rome.

https://en.wikipedia.org/wiki/Club_of_Rome

"It would seem that humans need a common motivation... either a real one or else one invented for the purpose... In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill... All these dangers are caused by human intervention in natural processes, and it is only through changed attitudes and behaviour that they can be overcome... The real enemy then is humanity itself."
- The First Global Revolution

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More videos from Dr.Friedman -