Milton Friedman on Hayek's 'Road to Serfdom' 1994 Interview 2 of 2 (Debunking Socialism!)

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Milton Friedman discussed F.A. Hayek's book, The Road to Serfdom. Professor Friedman, who wrote the introduction to the 50th anniversary edition of the book, described its effect on the ever-changing political and social climates of the twentieth century. He discussed the book's influence on the rise of socialism after World War II, the Reagan and Thatcher administrations in the 1980s, and the shift in Eastern Europe from communism to capitalism in the 1990s.

[@kleinbogen]

Well, it has been more than 25 years since the interview. Mr Friedman, you are correct that you are no longer around. But you are as relevant as ever has been. A great mind and a champion of freedom.

[@BangThaBazie]

His ideas only increased inequality, undermined democracy, and lead to the oligarchization of western democracies, and they arguably play a huge role in the circumstances surrounding climate change and why we can't seem to do anything against it. Like, I am pretty certain that Friedman's Neoliberalism will go down in history as one of the most destructive ideologies humanity has ever come up with. Not because it lead to war, but because it led to unsustainable growth ending in a global ecological breakdown.

[@joshuaburi3931]

@@BangThaBazie lol funny joke

[@JohnSmith-ne1yq]

Interesting that no major nation truly adopted his ideas and that it had been more and more demonized. Either you are prey to such indoctrination or are being sarcastic.

[@harryradley]

@@JohnSmith-ne1yq He also commented on Part 1 of this video, he's serious. It's frustrating that people can be so brainwashed that they reject common sense truth like this.

[@VincentWeisTheThird]

@@BangThaBazie What inequality? Compensation inequality has gone down, not up, and he actively fought the oligarchization of nations by encouraging market mechanisms, which are directly responsive to the people. Literally everything you've listed has gotten worse or is a direct result of increased government control since 1960, not a consequence of the freedom we had before then. If it was any different, the problems would have increased at a consistent rate rather than spiking alongside the sharp increases in regulation and HEW programs. So there's no empirical basis for your claims.

[@harryradley]

"liberal with other people's money" - a very clever way of putting it.

[@silkhead44]

I can venture how Milton would feel today...yes socialism is an easy sell but a lousy product

[@matthewgibson3774]

I love you Milton Friedman!

[@mustafa8988]

We all do buddy and we miss him so much!

[@botero01]

"two lucky people"; gratitude is a beautiful thing, the interviewer sounds like a robot

[@stephentroup7943]

How blessed the world was to have this man! Thank you Lord for Milton Friedman!

[@BasicEconomics]

Beautifully stated!

[@sergioernestoolea3933]

great man

[@user-ty2uz4gb7v]

Hero

[@lukemccann]

His little giggle at 7:50 floored me. God rest you and your beautiful wife.

[@mikerobinett2780]

Really good

[@Garegin]

friedman brings up an interesting point. the western church has always been critisized by the east for its legalism and centralization and yet it has been the biggest single source of philosophical liberalism (see scholastics, acton, bastiat) and free markets. whereas in the east the ecclesiastical authority is more democratic, but from Byzantium to Russia its cold autocracy.

[@alleycat8589]

Please get yourself/ yourselves on bitchute/ lbry/ odysee/ minds/ etc. If you're on any of these, or take my advice, publicise them on every video & in your “About”. Many people really don't want to use yt.

[@fletchergull4825]

19:12 😢 sorry milton

[@freemason4979]

Check out Thomas DiLorenzo on Lincoln and the civ war

[@jorgipogi]

Lobbyist implications.

[@nanoneuro]

Legend