Milton Friedman's 'Free to Choose' Proved Capitalism Is Superior to Socialism

[@doochicka]

"One of the reasons I am in favor of less government, is because when you have more government, industrialists take it over and the two together form a coalition against the ordinary worker and the ordinary consumer." Oh man if Milton could see things now...

[@diemore8014]

If Milton could have seen South America back when...oh wait a minute

[@NIKOLAP7]

Milton Friedman is turning in his grave now.

[@coindorni]

@@diemore8014 Wow, nice strawman there buddy, but Friedman had no direct influence over South America and he has made this clear time in and time out.

[@diemore8014]

@@coindorni Cute that he made that clear, I mean if I wanted to find out if someone directly advised the Pinochet government i would just ask that person and just believe him. Shame there aren't records of numerous visits of Friedman to Chile. Would also be a wild coincidence if the government of post coup Chile was riddled with Chicago school economists.

[@coindorni]

​@@diemore8014 Wouldn't be absolutely crazy and absurd if those "numerous visits" to Pinochet (only one), weren't do advice him, while the others were different conferences and speeches carried out in Chile (of which there is video evidence), and that policies carried out by Pinochet's government were advised by a group of Chicagoan Chilean economists influenced yet unrelated to Milton Friedman himself? Nah, that's just evil Neoliberal propaganda.

[@Idahoser11]

"law that applies equally to everyone"... we could use some of that.

[@MilwaukeeF40C]

It would be easier to apply law consistently if most of it was shitcanned.

[@Competitive_Antagonist]

God bless Judge Draco.

[@heftymagic4814]

Mostly it does even now.

[@30minutesLess]

When was the last time you broke the law?

[@jamesmoylan2861]

In a society where a trillion dollar hedge fund pays less tax ,say,on a terrorist bomb going off financed by crypto and the more dead the bigger the profits on the currency fall for the many bonanza for the vvvvvfew, earning hundreds of billions of dollars in a day than a Nurse or essential worker in a day,against the United States Constitution article 1 section 8 clause 5 that only the federal government alone shall determine the value of foreign and domestic coin and coin COIN,and the world economic peace treaty of bretton woods promised to the troops 3 weeks after DDAY for Stabilization of world currencies as a foundation for a lasting peace I think sorry we have to say,no chance or like the Reichsmark 1923 , Venezuelan, Zimbabwean currency trillions to one ,in terms of value and profits.

[@TheMichaelMove]

Boy could we use Milton today. Brilliant, insightful, objective AND a really nice guy.

[@michaellowe3665]

The maniac sjws on MSNBC and CNN would label him a Nazi for his beliefs today. He was great in his time, but that was an era of thinkers when the press called out nonsense when they saw it. Thinking is not permitted today. Back then, they didn't coddle certain candidates. They mercilessly called out Biden for plagiarizing most of his speeches. It killed his presidential hopes in the 80s. Now they just whistle past the graveyard.

[@thejquinn]

@@michaellowe3665 Well I'm a Leftist and I'm for putting back in the Fairness Doctrine to make sure our mainstream media is held accountable and can't just spew lies for their own personal/corporate agendas that your boy Reagan got rid of.

[@sybo59]

@@thejquinn The media should not be controlled by the state, even in the name of “equality.” Will laissez-faire capitalists and communists get equal time as Republicans and Democrats? If not why not? Who decides? Based on what standard? A very dangerous road.

[@michaellowe3665]

@@thejquinn why do people who call themselves leftist assume they know everything about other people by unrelated comments? Your boy? Really? Self proclaimed leftist have to be the most judgemental people ever. Its possible to have thoughts independent of political parties. I haven't tailored my opinions to line up to some checklist the RNC or DNC can use to tug at me on election day. I even rethink them when I get new information. By the way, in your fairness doctrine, who decides what is fair? Do we have a ministry of fairness? Maybe a whole department like homeland security with their own swat team to kick in the doors of any journalists not abiding by the ministry's rules. Free markets may not gaurantee equality, but at least they allow it. Government doctrine can only serve people in power.

[@thejquinn]

@@michaellowe3665 A Committee had decided what was fair and unfair, and was completely bipartisan in news media pre-80's. Also what's wrong with me assuming that you are/were pro-Reagan since your here talking about your admiration to Friedman who was his economic advisor. Also Government doctrine doesn't always serve people in power just look at net neutrality, that if anything went against power, and allowed complete online freedom, which now thanks to our current administration, gt rid of, so much for being for free speech.

[@alexocean9196]

KZbin suggested a Milton Friedman video for me when I was 15 years old. I watched it, 5 years on he inspired all of my views, changing so many of them, and made me go on to major in economics in university

[@skullbones2053]

what is it like? i am intrested too

[@iammraat3059]

Hello neoliberal !

[@David-km2ie]

YT recommended me one too. Best moment of my life

[@iammraat3059]

@@David-km2ie is this seriously the best moment of your life?

[@Ch1l3n0DxR0]

@@skullbones2053 I´m an economics student in Chile, it is a great career and most people is polite and respect other ones opinion, at least here, I got a great relationship with my socialdemocrat professors despite me being pro market society and solutions like Milton( I am liberal, you use liberal and conservative adjective really poorly).

[@AZCobraman]

I was shown that series in High School...if you can imagine that in 2020... I will always owe the man a huge debt in teaching me to think rationally.

[@erikkovacs3097]

I can tell you that wasn't in a public high school and if it was it wasn't in California, Oregon, Washington, New York, Illinois or pretty much any other blue state.

[@saint4901]

I doubt you can even imagine

[@AZCobraman]

@@erikkovacs3097 Public HS in AZ....early '80s

[@outspokeninsider752]

@@erikkovacs3097 You would be suprised. I was taught an interesting mix of econ in socal in the 80s and 90s. The costal monoculture is a reletively new phenomenon.

[@ZealothPL]

Congrats, now you idolise a guy that was wrong on almost any major thing he postulated

[@sumarian79]

Milton Friedman and Thomas Sowell should be essential reading for all four year of high school.

[@aaronvoss38]

And Von Hayek

[@treeamigo8447]

These guys preach personal responsibility. Government wants you to blame someone so that they can be your ally

[@Let_Jesus_Rescue_You]

Yes...

[@jamesmoylan2861]

Once the students have been informed of the size of the currency markets the promises to the troops 3 weeks after DDAY and the amount of nonsense it is to discuss the world economy leaving out facts and figures about the world economy and perhaps 9/10. Of investment wealth in tax havens.

[@jamesmoylan2861]

@@treeamigo8447 personal responsibility not to finance child SNUFF movies and kidnapping of young women children and BABIES on the dark web and Terrorism encryption on the dark web according to Interpol and not to earn hundreds of billions of dollars in a day Forex trading if a bomb goes off or anthrax attack causing a currency to fall often the more dead the bigger the profits on the Forex market.

[@coolbeans6148]

Milton was my gate way drug to libertarianism. Never would have been a libertarian without him.

[@lucasbendit7564]

His ideas are great on paper, yet some of them are shite in practice. He’s right that big govt tends to favor big business (we’re seeing that now with the increasingly centralized economy of 2-3 main companies per sector) but having less govt doesn’t produce a better outcome, if anything it would only further incentivize cutthroat practices Libertarian policies that presuppose the good of the individual are fine, when policies presuppose the good of the companies that’s when you start to lose me. Companies will only be good when it’s financially beneficial for them to do so. If a company is only responsible to its shareholders then it’ll destroy long term investment for short term gain. It’s simply profit driven. Corporate raiders enacted ROI for their shareholders... and yet they decimated beneficial companies..

[@Montes88r]

Same

[@coolbeans6148]

@@lucasbendit7564 Shit in practice? Non sense. Many counties have implemented milton's ideas with great success. Unless you can give a specific example. Im not personally a fan of his NIT but i haven't thought about it alot, so i could be wrong. Thats not how markets work. You Want them to be as cut throat as possible. moneymorning.com/2013/05/29/how-big-corporations-are-destroying-the-free-market/

[@michaelmappin1830]

Proof that billionaire propaganda is effective. Capitalism is the economic system of the owning class. it allows a small minority to own most of the capital in the world and therefore get most of the wealth produced by labour. As a consequence we now have the two richest people with more wealth in the poorest half of the American population and the eight richest people with more wealth in the poorest half of the world's population. The billionaires that fund the reason foundation and people such as Milton Friedman, They want to privatize everything in the world so that they can own it. Everyone else will have to pay rent in usage fees. they will have no choice but to sell their labour to these owners of capital for a fraction of what it's worth.

[@ppazpppaz8618]

@@michaelmappin1830 Have you tried reading the world socialist website www.wsws.org

[@wesjones6370]

Milton Friedman’s Free to Choose talks, as well as Thomas Sowell’s Hoover Institute interviews, taught me far more about economics than any class on economics did. I believe the greatest fundamental failure for most to comprehend the complex subject of economics is the inability to truly grasp and understand the ability for free individuals operating in their own self interest, to actually lead to a balanced and ordered system. Much as the non-random selection of randomly occurring variables in genetics leads a chaotic system to produce predictable order, so too does consumer choice operating in a free market....which inevitably serves everyone better by virtue of providing for individuals within the system. No lectures, no professors, no textbooks nor curriculum ever came close to helping me to truly understand this as simply listening to Friedman and Sowell just explain through sheer logic and cold hard data why they came to see this.

[@shrimuyopa8117]

Milton Friedman changed my mind on a number of subjects. As well as John Stossel and Thomas Sowell.

[@chynco]

Friedman freed man.

[@Gman240]

G-d DOES have a sense of humor.

[@donquixote3927]

@Chode Blowsonn : I don’t understand. Surely no-one is forced to take out a mortgage, car loan or HP on a refrigerator?

[@BingChilingEnjoyer]

@Chode Blowsonn oh, the good days of socialism when people could afford a house from a month's sallary and afford to live, all with the minimum income.

[@donquixote3927]

@Chode Blowsonn : I live within my means and have never bought a home.

[@nickwilson3499]

@Chode Blowsonn how many socialist paradises have you been in recently?

[@user-tz5uq2bt1s]

You guys are a candle flame inside a hurricane of statism. Keep shining the light of liberty.

[@Bjjboxing]

Socialism > Capitalism

[@Bjjboxing]

@Ethereal The capitalist countries keep invading or get involved with foreign nations attempting to move away from a capitalist system. Before we debate this subject, I would like you to define socialism, so we don't mix up terms

[@Bjjboxing]

@Ethereal That's not what socialism is. Socialism is when the people/workers/community own and control the means of production. "How do capitalist countries do any of what you mentioned?" This comment is full of ignorance. This happens all the time. For example, US involvement with Cuba, Vietnam, Brazil, Chile, etc. You should really read up on history if you don't know this stuff

[@rheechashaipu1927]

@@Bjjboxing oh shut up and get back to your sociology degree

[@Bjjboxing]

@@rheechashaipu1927hahaha

[@emmettturner9452]

I watched the whole thing last year specifically because of how relevant it was with what was happening in Hong Kong. Was very glad I did. [Edit: Found the whole series on KZbin, BTW.]

[@emmettturner9452]

@Red Nexican Every episode is (was?) on KZbin.

[@emmettturner9452]

@Red Nexican Huh?

[@emmettturner9452]

@Red Nexican LOL! That explains it. :) FWIW, I honestly dreamt of moving to Hong Kong until all this happened. Seeing it prosper in the '80s makes me wish I did so decades ago. Probably would've been tough to leave it behind but the National Security Law and the loss of special trading status with the USA surely would've forced my hand by now.

[@emmettturner9452]

@Red Nexican Jelly. I was too young for most of that time and too ignorant the rest of it. :( I just knew that was the place I was importing my obscure videogame hardware from (Lik-Sang) and it had recently been turned over to the Chinese from the British. I have this vivid memory of sending payment to Lik-Sang from Western Union and not knowing how I should format the address when buying a Bung Doctor V64jr 512. :) "Hong Kong, Hong Kong" or "Hong Kong, China?"

[@StoneShards]

I was fascinated to watch "Free to Choose" when it originally aired. It was a brilliant presentation! I found it persuasive, and actually fun to watch. And, I haven't found any reasoned counter to it--only mindless derision.

[@daviddiaz529]

A great man. Once Thomas Sowell, and Walter Williams are gone...damn. However, Libertarians in 2020, aren't what they seem to be. Their platform isn't clear.

[@oliverallen5324]

We must return to the old ways. The Book, Free to Choose, is a good place to start.

[@JK-gu3tl]

Their platform should be one thing: A return to the Articles of Confederation.

[@cl1ff]

Rest in peace Walter Williams

[@jamesmoylan2861]

@Michael Lowe as cryptocurrencies collapse, millionaire Anarchists revolutionaries promoting cryptocurrencies financing child SNUFF movies and kidnapping of young women children and BABIES and pay per view torture using cryptocurrencies on the dark web and Terrorism encryption on the dark web with such intellectual argument defending the "free market unhampered by government restrictions" Intellectual argument. "You are a nutter!". "Wear a tin foil hat". "People are scumbags" "Lots of people do it " "Only the strong survive, survival of the thickest ,sorry fittest" "Government is evil" "The world health organisation is evil" "United Nations cooperation is evil" "Bill Gates is evil " "Angela Merkel is evil" "The Chinese are evil " "Democrats are evil " "Socialism is evil " "Police are evil" "Religions are evil " "But me cryptocurrencies are great I'm a cryptocurrencies millionaire and me and my mates think you are jealous"Brian Cox FB. Wolfie Smith FB "oh cryptocurrencies are the socialist revolution!All the revolutionaries become millionaires and we destroy the evil ordinary currencies!" Yes but that would involve also destroying the value of all ordinary pensions and savings and then if the trillion dollar hedge funds sell big start a new one,sell big start a new one,and infinitum,which is kinda their job organising currency attacks on nations creating millions of poor people and migrants blaming socialism and crash for the many bonanza for the few" speculators of any country of any kind and of any hue" (Churchill 1925 (hon US citizen JFK)) Such as , Dahmer Coin Epstein coin (FX trader) Fred West coin Fritzl coin , Ian Brady coin, Terrorism coin Or tag along and cause a riot so me cryptocurrencies go up Coin Anyway with cryptocurrencies collapse, please don't branch out into child torture using cryptocurrencies on the dark web (no you can't use dollars gold etc only cryptocurrencies ,yes crime did exist before crypto clever cryptonite) But if tempted to branch out into the"unfettered free market economy unhampered by evil government"or if you have already a cellar full of "well everyone is doing it" please let the children go home,thanks .

[@jamesmoylan2861]

@@JK-gu3tl @Michael Lowe as cryptocurrencies collapse, millionaire Anarchists revolutionaries promoting cryptocurrencies financing child SNUFF movies and kidnapping of young women children and BABIES and pay per view torture using cryptocurrencies on the dark web and Terrorism encryption on the dark web with such intellectual argument defending the "free market unhampered by government restrictions" Intellectual argument. "You are a nutter!". "Wear a tin foil hat". "People are scumbags" "Lots of people do it " "Only the strong survive, survival of the thickest ,sorry fittest" "Government is evil" "The world health organisation is evil" "United Nations cooperation is evil" "Bill Gates is evil " "Angela Merkel is evil" "The Chinese are evil " "Democrats are evil " "Socialism is evil " "Police are evil" "Religions are evil " "But me cryptocurrencies are great I'm a cryptocurrencies millionaire and me and my mates think you are jealous"Brian Cox FB. Wolfie Smith FB "oh cryptocurrencies are the socialist revolution!All the revolutionaries become millionaires and we destroy the evil ordinary currencies!" Yes but that would involve also destroying the value of all ordinary pensions and savings and then if the trillion dollar hedge funds sell big start a new one,sell big start a new one,and infinitum,which is kinda their job organising currency attacks on nations creating millions of poor people and migrants blaming socialism and crash for the many bonanza for the few" speculators of any country of any kind and of any hue" (Churchill 1925 (hon US citizen JFK)) Such as , Dahmer Coin Epstein coin (FX trader) Fred West coin Fritzl coin , Ian Brady coin, Terrorism coin Or tag along and cause a riot so me cryptocurrencies go up Coin Anyway with cryptocurrencies collapse, please don't branch out into child torture using cryptocurrencies on the dark web (no you can't use dollars gold etc only cryptocurrencies ,yes crime did exist before crypto clever cryptonite) But if tempted to branch out into the"unfettered free market economy unhampered by evil government"or if you have already a cellar full of "well everyone is doing it" please let the children go home,thanks .

[@kenneth9343]

God bless milton friedman.

[@thejquinn]

Said Satan

[@leos8019]

Why?

[@twelevegherkin8361]

@Ethereal Na he's just a salty Lefty because the video praises capitalism and not his Authoritarian murderous ideology

[@Based_Proletariat]

Rest in Hell Friedman

[@MilwaukeeF40C]

Science praise him.

[@subscribeorsus6862]

Idk about you, but after watching Milton's lectures, it's very cringe to listen all those politicians, socialists, leftists and bureaucrats. This man changed the way I see the world. Please come back 🥺😭

[@thejquinn]

Well if you like feudalism then thats Friedmans ideas in a nutshell

[@gumerk.7721]

@@thejquinn lmao

[@gumerk.7721]

@@thejquinn Actually Friedman's ideas are against feudalism

[@rossn646]

Yet the right fights against his negative income tax

[@BingChilingEnjoyer]

@@rossn646 as much as the left, I imagine. Which brings the "surprising" conclusion, maybe politicians of today don't actually care about the people? Maybe saying "we care about you" doesn't feed anyone, or give them a roof above their head. It's not like Friedman was listened to by politicians even during his lifetime. Politicians listen to who supports their conclusion. It has nothing to do with merit

[@LovingPrinceTamayuki]

During the covid-19 lockdown I took the time and watched all of it, I watched all of the free to choose that I could find and I recommend it to anyone, it is a fantastic piece of art.

[@mauricelyne6372]

Would you accept that we find ourselves in different waters as a result of the pandemic, and the current situation is a challenge to the doctrine of rugged individualism esposed by Friedman? I think 90pc of young people would benefit from watching "free to choose" as they have no conception of how the market works,or of how markets have been a useful tool in developing civilisation. It is not helped by the fact that communism and counter culture is enjoying popular ascendancy with the youth .However once you accept the general utility of markets, you need to go beyond that freshman understanding. Go beyond that and see that there are many many associations, agreements and customs built up between individuals and classes in society, and the management of such relationships cannot be neatly addressed with property rights and the profit motivate. I'd reference the "too big to fail " bailout of the fiancial system and the current lockdowns as examples. In the future challenges presented by AI and energy shortages.

[@LovingPrinceTamayuki]

@@mauricelyne6372 I beg to differ at the very least on some of the facts that you have proposed, first I would like to point out "the youth" I would not say that the youth have a much stronger deep rooted call to Communism than they have in the past, rather it actually just seems that they have more publicity then in the past, and in the words of Milton Friedman "the free market has no press agent, government has many press agents." Personally I would say that many of today's youth can see past the foolishness of Communism Nazism and socialism for the lies of what they are State controlled Central planned systems that take power away from the individual, take Freedom away from them, take their resources away from them, only to turn it into power for the elites and utterly waste all of it. Second we have the matter of covid-19, I believe many people have stopped and noticed just how a republican-led government is no different from a Democrat run government it's still a large overbearing spendthrift, dictatorial, tax heavy, hole of lying rats. I call it a hole of rats; however, this is actually quite the compliment. For you see, rats are far more productive. I can't recommend enough Milton Friedman's video titled "Milton Friedman - inside Washington"

[@raqueljacobs1542]

@@LovingPrinceTamayuki the reason why young people are more interested in socialism today than the last two generations of American society is that we are faced with a capitalism that is in crisis mode. In the last 4 years we have experienced two recessions both of which shook our confidence in the current system to regulate itself. We’ve also experienced a lack of forward progression with upward mobility waning and the buying power of wages remaining constant in contrast to productivity which has skyrocketed. Most of us are in crippling debt because we got degrees for jobs that weren’t in demand, most of us are living paycheck to paycheck and a lot of us are unemployed because the system couldn’t adapt well enough to a recent natural catastrophe. Our interest in socialism isn’t inherent, it’s simply because capitalism isn’t producing a positive result for us.

[@LovingPrinceTamayuki]

@@raqueljacobs1542 you unpacked a lot of things, most of which are true, none of which are at fault of capitalism. (And believe me I would love to go through every last one of those issues with you but that's really hard in the KZbin comment section.) Put simply every last one of those issues is a result of government failure, attempting to "fix" something they should have never gotten involved in. If you want I can give you video after video after video explaining each and every thing that you just described and more on how we don't have a capitalist system we have a government gets involved in every little thing system that's not capitalism that's a mixed economy. A laissez-faire free market capitalist system would require no regulations no taxes no tariffs no subsidies no grants no "we're just trying to stop a bunch of monopolies so we're going to build a bureaucracy that results in securing the monopolies" no fair trade agreements, just simply no government intervention in people, in business, in anything. But then people are like where do the free (poorly crafted) roads come from? And what about all the laws that no one follows? Put simply people are more concerned about each other when all they're concerned about is themselves and their wallet. To quote Adam Smith, "I have never known much good done by those who affected to trade for the public good." Translation: The road to hell is paved with the good intentions of elected officials and those who follow them. Next time you hear a politician say we need to support this government project, stop and think "who benefits from it?" Is it certain bureaucratic organizations that benefit from it, is it labor groups, is it specific large donor companies, ect my goal is to get government out so that no one has massive power over each other, to quote Milton Friedman "it creates a situation where you have to either put up or shut up."

[@MilwaukeeF40C]

@@mauricelyne6372 "Too big to fail" would have been perfectly addressed with property rights and the state not fucking with economic interaction.

[@gergster6899]

Wow, he was right on when he said that big government is taken over by corporatists. That is exactly what has happened with the current big government, big corporations and the media all in bed together against average people. I also like how he pointed out that government spending is the issue, not taxation. Every government across the world has this problem. Thus, every government needs to be cut down to size. We are their bosses, but they act like they own us!

[@JK-gu3tl]

Former NSA Chief Keith Alexander has joined the board of Amazon.

[@DrEhrfurchtgebietend]

Lets get this on netflix

[@edgarbedoya2418]

It’s on Amazon Prime if you have prime!

[@AD-ll1hy]

on Netflix! lol. Not gonna happen.

[@Ch1l3n0DxR0]

Cmon man Netflix is clearly progressive democrat

[@MilwaukeeF40C]

Shameless reboot with washed up actors!

[@DrEhrfurchtgebietend]

@@edgarbedoya2418 I can't see it. Maybe its only in the states

[@PetervandenHeuvel81]

Finally; a voice of reason. Could we use Friedman today.

[@jeremyscungio16]

To be fair he was needed in the past just as much he is needed today

[@JB-vt5sz]

People who are never Trumpers or Bernie bros don't give af what the facts are or who speaks them. They think communism is the way. They want literal gulags for conservatives and capitalist.

[@justifiably_stupid4998]

@@JB-vt5sz they are usually temporarily ignorant or committed to their ignorance. Life (and Milton Friedman) is the greatest teacher.

[@Bjjboxing]

@@JB-vt5sz Haha what?

[@JB-vt5sz]

@@Bjjboxing Basically saying if Friedman being around today wouldn't matter. The left have went full communist

[@neverclevernorwitty7821]

Sadly, I don’t share Friedman’s optimism. We seem committed to drive headlong into a brick wall, and just keep stepping on the gas.

[@PetervandenHeuvel81]

I think we as libertairans ain't loud enough. Free everything is easy to sell, like candy to an 8 year old.

[@PetervandenHeuvel81]

@THEGODFATHER I'm sorry, i don't know who that is. What do you mean exactly?

[@andresmessina4255]

@@PetervandenHeuvel81 Ptolemy was a general of Alexander the Great's army that became Pharaoh of Egypt

[@balintvass4771]

If you want attention, then you can get some by debating Sam Seder

[@harrisonschneider8333]

Even though politically, I am the polar opposite of a libertarian, I prefer Libertarians to progressives and conservatives.

[@mrniceguy7168]

Well, in all fairness to Friedman, China is scaling back on economic freedom and they were never really economically free, since government owns all the land and government decided who the winners and losers are in the market.

[@ookazi1000]

I don't know how you can speak with such authority about china while being so wrong. Ah, wait yes I do. Dunning and Kruger wrote a paper on it.

[@mrniceguy7168]

@@ookazi1000 not an argument.

[@weirdsock3032]

Didn't they have those SEZs? And from what I've studied, workers in Apple factories over there are as close as it gets to slave work.

[@christ186]

Such a fantastic series thank you Reason TV for bringing this to the front again. I think I'll rewatch them!

[@Ryanrobi]

The best case for free markets I had ever seen.

[@harrisonschneider8333]

Controversial opinion: The existence of corporations is detrimental to a true free market.

[@Ryanrobi]

@@harrisonschneider8333 I am open to it. Do we have any evidence of a more free market without Corporate structure? I mean all a corporate is is a legal structure for consenting adults to be able to work together. I own a C Corporation and an LLC I am not sure why a legal structure makes one evil and one good.

[@harrisonschneider8333]

@@Ryanrobi What happens when a corporation becomes so big that smaller businesses can't compete?

[@harrisonschneider8333]

@Ethereal Interesting take.

[@Ryanrobi]

@Ethereal Without government protection or formation of a cartel, new competition will arise as service with competition is normally terrible and prices will remain high. This is what startups do ALL the time, I have a startup and we are taking on the biggest Corporates in the world, we beat them left right and center. They are so big and slow at change it's truly crazy. Normally disruptive companies like mine start with the parts of the market the big corps like least, and improve exponentially using technology to move up market with innovations. Can you name one corp that's not assisted by government or is a cartel that has been on top for say more then 20 years in any industry? Loo at the fortune 500 over the last 50-600 years most name's only last 10-20 years before competition takes them down.

[@Zeppelinfaktor]

What’s really impressive about this show is watching Milton Friedman competently argue with 6 people at one time. It’s downright impressive!

[@pupasarus]

Milton is my favorite!

[@zroth3734]

Milton Friedman is nothing less than a spiritual guru for economists....

[@michaelmappin1830]

he's a propagandist that was funded by billionaires. His job is sell people on the idea of privatization and capitalism. Capitalism is economic feudalism.

[@zroth3734]

@@michaelmappin1830 capitalism is freedom of economy from government... Nothing wrong with thag

[@aiuifohzosfdh]

@@zroth3734 look up libertarian socialism. Capitalism isnt free, do you really think people in Bangladesh have a choice not to work in a company that treats them like cattle?Neoliberalism will turn the already too powerful capitalists into basically dictators over the economy and therefore the material lives of all workers.

[@zroth3734]

@@aiuifohzosfdh yes they have a choice ... Their conditions before working for the company was far far worse.. Capitalists can only become dictators only when foolish leftist economic policies are adopted

[@aiuifohzosfdh]

@@zroth3734 the left is fundamentally anti-capitalist. They want to limit the capitalists wealth and power.

[@krjohnson29]

What an incredible program. I've watched it several times on youtube But, man, I didn't realize Milton was so short! 😂

[@pattybaselines]

He's big where it counts, don't worry. His brain!

[@nmavrantzas]

He was also short on ethics. What a fraud, daring to talk about socialism...

[@nmavrantzas]

@Vir Nobilis So it's alright if he's lying to satisfy his masters?

[@nmavrantzas]

@Ryan Alex Only lies, no facts.

[@nmavrantzas]

@Ryan Alex You are wrong, wrong, wrong. If you believe in capitalism so much, move to Bangladesh.

[@JodyBruchon]

Compare and contrast: Milton Friedman vs. Vaush. Pick your side. LOL.

[@daniellassander]

Well on one hand we have a freedom loving intelligent nobel prize winner and on the other we have a jealous socialist who hates gay people, you cant compare them at all.

[@saint4901]

@@daniellassander Wait what about gay people?

[@DarkestKnightshade]

If I go to vasuh's city with a mob to tear it up, if he tries to stop me and I chase him, apparently he better not defend himself according to his logic. If he does, and I die while chasing him and he defends himself against me, it's his fault. Lmao friedman all the way. Friedman even admits his analysis was incomplete, he's willing to see where he's wrong.

[@Baamthe25th]

@@daniellassander You forgot to mention he thinks buying cp is as morally acceptable as buying a computer

[@Pheer777]

I feel like because Vaush is legitimately a good orator his 17-year old subscribers just buy into his ideas without understanding how anything actually works

[@starsnstrife]

we've never lived in a free market. The risk is shared by the middle class while the top earners run with the rewards. This is not the capitalist dream you think you live in, it has never been that.

[@dauchande]

Yeah, I owe reading Capitalism and Freedom to my shift into libertarian thinking. RIP Milton Friedman (and Robert Heinlein)

[@ookazi1000]

If I may, a lot of self-described libertarians are actually 'anarchocapitalists' which is built on the contradiction that society should be without a heirarchy but still persist in using the heirarchal system of capitalism. The issue with this contradiction is that in praxis both of these core tenets can't be true at the same time, which results in the negation of the absense of heirarchy. I'm also could be described as a libertarian, but the ideology that informs that is anarchocommunism: The idea that we should have no heirachy and that we should structure society to meet everyone's needs. I highly reccommend the former capitalist American Johnson's youtube channel NonCompete where he discusses at length why he shifted toward an anarchocommunist mindset.

[@dauchande]

@@ookazi1000 well, I'm a minarchist actually, very much a believer in the US constitution (well, before the 16th and 17th amendments were passed)

[@MilwaukeeF40C]

@@ookazi1000 "Anarcho communism" supposes that people will voluntarily structure shit in a way other than individuals doing what they want. Anarcho capitalists expect no particular outcome really. Now what the fuck do you think is more likely in actual anarchy?

[@ookazi1000]

​@@MilwaukeeF40C anarcho-capitalism is a contradiction. Anarchy as a theory is based in the idea that all heirarchies need to justify themselves or be dismantled and replaced with a horizontal structure. Capitalism is a heirarchy in which the people with the most money have the most power: and it doesn't justify itself. To be an anarchist is to seek the dismantling of capitalism. -- The foundations of anarchical theory is that no individual should be able to over-ride the will of another individual, without both the uncoerced consent of that other individual and a measurable benefit to society. Anarchocommunism is all about people doing what they want, so long as what they're doing doesn't unjustly prevent another person from doing what they want. And you bring up volitary social structuring: The goal of most agiprop and conversations from the leftist's point of view is to show the vast majority of people that (insert Leftist movement here) would be a better social structure for both them personally and society as a whole; so that they can then decide of their own accord to volitarily participate in the restructuring of society. -- Also I'mma have to call bullshit on that "acaps expect no particular outcome" nonsense: they expect that capitalism left unfettered will solve their problems, despite the fact that the majority of their problems are caused by capitalism in the first damn place.

[@MilwaukeeF40C]

​@@ookazi1000 Literal anarchy is nothing but not having official government power over individuals. That is practically impossible but I don't consider any "system" to be an acceptable substitute for me having to assert my liberty whenever necessary, no matter what was put up for a vote. Clowns like you are absolutely not arbiters of what is justified to other people while you claim to be for the will of individuals. Most "capitalists" just loosely use that term to describe not giving a fuck what economic interactions other people get in to. Voluntary socialism is capitalism. I avoid using it. Socialists/communists/collectivists have only two options to "dismantle". The Jehovah's Witness "have you accepted blah blah blah" nicely showing tactic you basically described, which in'nt gonna work, and top-down force, which isn't compatible with individual will at all. The voluntarist is the only one who doesn't have to tell people to set up wacky Rube Goldberg arrangements when anarchy is supposedly what you are trying to accomplish. When you say "their problems" it reads an awful lot like you mean YOUR problems. Maybe I don't want your problems solved.

[@Lexicommonzero]

All 10 episodes in the series are available on Amazon Prime, if anyone is interested....and you should be, the man was amazing

[@dr.christopherdiaz4473]

Yup, thanks to capitalism, I have had to make all kinds of choices…food or rent? Medicine or food? So free to make the important decisions.

[@looseanus4213]

This book and series literally changed my life. Thank you John Stossel 👍

[@JeffTY77450]

I read _Free to Choose_ and watched the PBS series in the early 1980s (in my early twenties). They were both major contributing factors to my becoming a center-right conservative. Rest In Peace, Milton Friedman.

[@thebourg]

That series changed my life and my perspective on society when I first watched it 7-8 years ago.

[@michaelmappin1830]

that's what billionaire sponsored propaganda supposed to do. It's amazing that it's so effective that they can actually make people believe that economic feudalism is tantamount to Freedom.

[@thebourg]

@@michaelmappin1830 what would you consider freedom to be then?

[@michaelmappin1830]

@@thebourg , freedom is having economic democracy. Freedom is owning the product of your labour. that's why socialism and communism Is so popular. Community owned and work worker-owned companies and factories benefit communities and workers. Capitalist companies benefit capitalist at the expense of workers and communities. For example, in the United States there is a socially own bread factory where the assembly line workers make $70,000 a year. That's because they own the product of their labour. But if you're an employee and you make $70,000 worth of product, most of that money will go to someone else. Capitalism is dependant upon poor desperate workers that don't have any choice other than to rent themselves out in order to survive. That's why capitalism didn't exist prior to the enclosure movement. People had to be driven into extreme states a dependency with Force. That's why the conversion to capitalism was extremely violent and bloody. When workers can own their own factories and companies, then they could be independent. You no longer have to be depended upon billionaire corporations or government when it comes to jobs and consumer goods. And that is more conducive to a free market and thrive in the economy. Capitalism destroys markets and economies. if most of the wealth goes to shareholders rather than the actual workers, then the workers are not going to have enough purchasing power to buy the goods and services they are producing. That's why there's so much debt under capitalism. "As long as he owns your tools (the capitalist) he owns your job, and if he owns your job he is the master of your fate. You are in no sense a free man. You are subject to his interest and to his will. He decides whether you shall work or not. Therefore, he decides whether you shall live or die. And in that humiliating position any one who tries to persuade you that you are a free man is guilty of insulting your intelligence." ~ Eugene Victor Debs What is the difference between a wage slave and a chattel slave? The chattel slave is sold once and for all; the wage slave must sell himself daily and hourly. "The chattel slave is the property of one master, and is assured an existence, however miserable it may be, because of the master’s interest. The individual wage slave, property as it were of the entire capitalist class which buys his labor only when someone has need of it, has no secure existence. This existence is assured only to the class as a whole. The chattel slave is outside competition; the wage slave is in it and experiences all its vagaries."

[@Ninjaeule97]

Kind of sucks that he also helped Pinochet military dictatorship and didn't even criticize him during a person visit. Pretty hypocritical to be for financial freedom but be fine with literal dictatorship. I assume that if he would have been more critical of Pinochet, Naomi Klein couldn't have made the Schock doctrine or it wouldn't have been so popular.

[@dukeofmonmouth1956]

Aren’t corporations totalitarian entities though ? And what scientific evidence do we have regarding the psychological capability for an individual to choose the best for themselves in a market full of totalitarian corporations and hyper-consumerism.

[@gund2281]

The world need more Milton Friedmans...many MANY more Milton Friedmans.

[@raulayala249]

An absolute masterpiece

[@shermanngjazz]

As an immigrant from Hong Kong, sorry Dr. Friedman Hong Kong has failed you 😥😥😥

[@michaelmappin1830]

Milton Friedman was a propagandist. new liberalism has been a complete and utter failure. If you still believe in trickle-down economics, and you need some help.

[@glutentag_1423]

@@michaelmappin1830 oh no you again michael mappin when are you gonna quite spreading lies and false information

[@michaelmappin1830]

@@glutentag_1423 , unlike those that are funded by the oil and banking industry, I have no motive to spread false information.

[@glutentag_1423]

@@michaelmappin1830 yeah right lol

[@ronpaulrevered]

Mises' "Socialism" did a better job.

[@outspokeninsider752]

It did, but by critiquing Socialism. Freidmans champions Capitalism. Different approaches, same result.

[@mohamedaymanerrahmouni]

?

[@sybo59]

@@mohamedaymanerrahmouni He’s referring to Austrian economist Ludwig von Mises’ excellent book, “Socialism.”

[@Baamthe25th]

Meh Compare the number of people who read "Socialism" to how many people wathed "Free to choose" (Or compare books to videos). Compare the impact both had Even if Mise's book has better quality, it's a niche book, tbh.

[@mohamedaymanerrahmouni]

@@outspokeninsider752Thanks for the clarification, I do know Mises but I didn't know that he got a book called 'Socialism' so I got confused because I thought that he was saying "that according to Mises Socialism did a better job - than Capitalism-". I appreciate your response for enlighten this ignorant man -me- 😁

[@Allin7days]

We all know that Capitalism works, but not perfect. Don't let politicians drag you into a discussion of Capitalism vs. Socialism. Capitalism won that discussion a long time ago. However, pure anything-ism is too ideal for it to work well in real life. We've got smart enough to do better than pure capitalism as we did with pure democracy, called Republic. Don't forget that nothing is absolutely good or bad. We'll need to be flexible enough to adapt changes to better serve the people.

[@rogerc6533]

Yup, decades of seeing liberalism give way to neo liberalist banking and the total freedom to choose your debts!

[@larry-ludwig]

Thank you Milton Friedman! Got me interested in economics, finance, and most importantly freedom.

[@ConstantineTheGreat1453]

Unfortunately I think he’s wrong about government inevitably getting smaller too. I really don’t see that happening in the next 30 years

[@LukesPersonalChannel]

Then you haven't been following the Bitcoin world much.

[@tre.jluster2574]

Maybe not in the next 30 years, but when governments get too big, they will inevitably blow up. You can only get too big, before you fall.

[@babayaga1767]

The biggest problem with socialism is that someone has to be in charge. That someone will always become a despot. Capitalism doesnt require one person to control it

[@ookazi1000]

That's not true though: marxist-leninist communism does have a state, but anarchocommunism is another option. In it, there's no one in charge: decisions are made by concensus. The few instances where a heirarchy is beneficial will see leadership elected and regularly rotated, but the power structure will be more similar to coworkers under difference rather than subordinates under bosses.

[@ookazi1000]

@Antoine Wilson That's not true though. Like, yes: it's one of the dangers of any revolution that old power structures will reassert themselves in some new way, but that's one of the responsibility of any collection of revolutionaries: have measures to prevent the reformation of those power structures. You can have stable anarchy or at the very minimum, something approaching it. It's my, admittedly shallow, understanding that the many Northern Native Americans cultures had political structures similar to anarchiac societies.

[@Reathety]

Leaders will always try and claw power away from the people, and a lot of the people will see it as a good thing. We can see that in America and Chili even before the Covid hysteria. Sadly, when things go bad people see government as the answer to all the problems government created.

[@ookazi1000]

The state will never be able to solve the problems created by the people (the rich and power) which the state was created to protect. That's why the ultimate goal of many leftist projects is the disolution of the state into anarchy (in the political science sense of the term, not the colloquial sense). And, a lot of the problems you see in governments around the world are caused by the US flexing it's massive power to dismantle the healthy socialist systems so that capitalists can turn larger profits.

[@Reathety]

@@ookazi1000 Healthy socialist systems should get together with all the healthy cancer patients.

[@user-ty2uz4gb7v]

I wouldn't call Hong Kong a miss. Capitalism and free market worked fine for many years there just as Friedman said. It's when the dictatorship of China took over that things started to go bad.

[@flynnparish9833]

I think it is a shame that we don't have an intellectual equal in more recent time that could argue for economic freedom the like of Milton Friedman.

[@michaelmappin1830]

Capitalism is not economic freedom. Its economic feudalism. Milton Friedman was a propagandist funded by right-wing billionaires. the same people that fund the producers of this video, the reason Foundation

[@PathfinderHistoryTravel]

Thomas Sowell is still with us.

[@phoebepaide8767]

we do, they are just rarely given platforms

[@scottharris9962]

I've consulted for Bob and Free to Choose for the past 23 years, and have taught high school for the past 35 years. There's more Friedman and Sowell in high school economics classes than you would imagine -- and Hayek, too

[@forwardfaz]

Knowing that there isn't no one to blame but the individuals after making a bad decision is a really uncomfortable(but necessary) realization. But still, most people want to point their finger at someone else when bad things happen.

[@ookazi1000]

It's also a lie. When you lose a game of monopoly, it's not entirely because you made bad decisions, assuming you made any bad decisions at all: it's because the random happenstances that led to the success of others within that game's rules percluded you from success. You can't win when someone else already owns the entire gameboard. And capitalism is just monopoly with extra steps; imagine trying to join in the middle of the game after empires have already been established and there's nothing you can buy and a trip around the board costs more than the money you get on GO. That's what it's like to be born under capitalism for those not born to inheret the boardwalk owned by their parents.

[@dll7658]

@@ookazi1000 Oh, envy

[@ookazi1000]

@@dll7658 The desire for fairness is not envy my friend. It is the desire for fairness.

[@dll7658]

@@ookazi1000 And what is the fairness that you are talking about?

[@ArcherNoble]

Sowell, Milton, Rand, Paul. Let's make a class for these people in school.

[@noblephoenix6151]

Jorgensen 2020. The only Libertarian on the ballot in all 50 states

[@michaelsoland3293]

I personally prefer Friedman before he went full public celebrity and was far more academic in nature. Prmarily because when he went public he had to oversimplify a lot of things or choose ideas he knew were academically wrong to force public discourse further to his side so that nuance could then be applied for specific policies. The issue is unfortunately not every one of those policies that he intended to add nuance later too had the opportunity to do so and as such remained a bad policy. Thus making both Friedman and his supporters look worse, in the end it's part of the whole hammer vs scalpel argument and sadly a scalpel rarely works.

[@user-gj8wo8lq9s]

Are there any modern day Milton Freedman's?

[@sybo59]

Yaron Brook

[@Jojo_clowning]

Thomas sowell is a student of friedman, he's following his legacy, economist. The son of friedman: david friedman is an anarcho capitalist, economist.

[@fedexpress14]

@@sybo59 That loony bin...😂😂😂

[@sybo59]

@@fedexpress14 How so?

[@fedexpress14]

@@sybo59 Not a big Sam Seder fan, but he is quite astute...m.kzbin.info/www/bejne/q52zqaSmes6arq8

[@rogerburn5132]

Milton is just timeless The Best economist this century by far. I Never get tired of listening to him.

[@avaragedude6223]

Mises debunked socialism in the 1920's

[@PathfinderHistoryTravel]

Milton Friedman made billions of people better off around the world. It is not an exaggeration to say he is a hero.

[@greyone40]

He acknowledges his mistake on China, so ultimately he was right. I suppose he thought like many of us that China would have to allow more freedom for the capitalist growth to continue, but they defied that prediction.

[@NT-ot3nz]

@greyone40 No, he was wrong, but he was also man enough to admit it

[@plisskin83]

He was also vital in the efforts to end the military draft. A great man.

[@justifiably_stupid4998]

I need to learn how to smile while expressing all of my facial emotions.

[@larryroyovitz7829]

Right? That's the thing about Milton Friedman, he could look perplexed, slightly upset (never angry), happy, etc, but had that magnetic smile.

[@logantca]

@@larryroyovitz7829 I love this guy's gentle smile. Reminds me of my father.

[@ChizzyCheck]

Biden once called him Milton Freezeman. I really liked that one.

[@MilwaukeeF40C]

Buffcoat and Beaver

[@stephenminogue3784]

Damn love how he helped give people in Chile the freedom to choose by assisting the dictatorship that overthrew the government they chose

[@MilwaukeeF40C]

Putting shit up for a vote is not individual liberty.

[@MrBrelindm]

Many experts have caused lasting damage by taking a cavalier approach to their communications. Not all economies are transactional (something for money). Social cohesion and unity are in their own right personal currencies used to exchange for goods and services separate and apart from central bank notes. On an interpersonal level this can be considered as the notional value of the free market laborer.

[@joelshack85]

Yes can that “cohesion” amongst republicans and democrats is so amazing

[@MilwaukeeF40C]

The importance is voluntariness, not what is being exchanged.

[@rossn646]

We must introduce Milton Friedmans UBI. $1000 a month for every man women and child is every Americans right.

[@SeruQuik]

His UBI proposal came with the caveat that all other welfare programs be eliminated, leaving ONLY UBI.

[@rossn646]

@@SeruQuik sure but too many rich elite can avoid taxes using those programs so they will never remove them.

[@alexocean9196]

He never advocated UNI, he advocated a negative income tax as an alternative to the current welfare state

[@TrophyGuide101]

@@SeruQuik I thought that was the entire point of UBI, UBI with other welfare programs sounds like a clusterfuck.

[@rossn646]

@Jack McCabe they are the same thing

[@tatomusic3546]

God, We miss Milton Friedman, you are my Hero.

[@evancampbell7138]

Brilliant video! Dr Friedman was such an amazing intellectual and amazing person 😄 Many thanks for the post, all the way from Tasmania, Australia. 😌

[@nicfeller]

What a god damn hero

[@SJAndrewbsme]

I simply cannot fathom this today. The rational discourse without ad hominem and it being on PBS. Astonishing. How far have we fallen….

[@0penthaughtz]

Friedman, Sowell & Williams are all brilliant minds, their ideas must be heard, befor they are erased.

[@koalasquare2145]

Choosing between Pixar, marvel and star wars is fun

[@joelshack85]

Today’s American socialism needs capitalism to keep it well funded

[@ookazi1000]

Actually no. We could easily fund the pie in the sky socialist utopia without capitalism. The problem is that the capitalists have extracted the wealth we'd need to do so from our communities, and are hoarding it. Taxation exists as a method by which to destroy excess wealth stagnating in coffers so that new wealth can be created by allocating from the public fund. capitalism doesn't create wealth: People do.

[@joelshack85]

@@ookazi1000 why do you believe a government has right to determine how successful one can be? Everyone should stride to be as successful and as wealthy as possible. No matter what system you cheer unless you can keep it pure and not allow the love affair between big business and the government it will end in corruption. So who creates the legislation on the government? A truly pure free market wouldn’t allow for billionaires. There would be enough competition in that sector to prevent this from happening.

[@joelshack85]

@@ookazi1000 the more people who think well the government will take care of me and not create wealth for oneself will be less “taxation” you have to fund socialism.

[@ookazi1000]

@@joelshack85 The tendency of any 'free' market is toward monopoly. The system is such that success is a positive feedback loop. And if people are 'allowed' to be as 'successful' as possible without restraint under capitalism, you get the financial crisises of 1920 and 2008 and the molopolies of the Standard Oil Era and today. And again, taxation is the destruction of excess and stagnate wealth. Government spending is the creation of new wealth by assigning value directly to specific kinds of labor.

[@joelshack85]

@@ookazi1000 you’re confusing crony capitalism with a pure free market capitalism. Crony capitalism is as dangerous as socialism. Both cause billionaires and the concentration of wealth through legislation. The financial crisis you mention are bc of the government not a true free market. Easy to get federal loans caused a massive bubble that caused the issues. “Stagnant wealth” isn’t people having money in their savings accounts a good things and you wouldn’t want to take this from people? Also in a socialist society the want to make everyone one the same is rampant. So will we all be millionaires or will the government make us all just enough wealthy to not complain and look the other way on government racketeering?

[@alancotterell9207]

I did not choose to be poor. I worked my backside off for 50 years and got nowhere. I have never received a university professor's salary and perks.

[@maambomumba6123]

No documentary series in the field has come close since Milton Friedmans Free to Choose.

[@leos8019]

What is really funny about this series is that I was introduced to it while taking a social change course (sociology dept.) at university...we watched some of the series and broke down the propaganda. What is especially funny to me is that this propaganda from the 1970's still seems to be effective on contemporary (gullible) minds.

[@JFrench98]

You should try rewatching it using your own critical thinking rather than that of your professor. It is not in the best interest of your university to acknowledge the realities Friedman points out.

[@nickwilson3499]

Why do you think being an inexperienced child merely being told what to think by your professor makes you less gullible?

[@leos8019]

@@nickwilson3499 Facts over feelings pal, consider trying it some time.

[@nickwilson3499]

@@leos8019 why won’t you argue anything?

[@leos8019]

@@JFrench98 It is amazing how the uneducated assume you can graduate from university without using a critical mind. If you can't discuss the differences between Keynesianism and Neo-liberalism (economics) then really nothing you say could be valid to me anyways in terms of an argument that would be in favor of Friedman.

[@austinhannemann2615]

Friedman is the absolute best

[@jakemoseley1811]

Friedman was not completely opposed to socialism. He proposed the negative income tax, adopted as the earned income tax. Low wage workers are paid money on their income tax returns even when the income tax they owe is zero. It doesn’t get more socialist than that. And he was not infallible. His monetarist theory predicted massive inflation which never appeared.

[@Truthseeker11158]

The comments glazing milton friedman haven't read any other book other than capitalism and freedom in their life.

[@etoineschrdlu9382]

Back in the 80's and even in the 90's you can't blame Friedman for not being able to foresee the rise of big government, big tech, big corporatism, and the willingness of the common man to allow those forces to take over every aspect of their lives. Rule of Law was always an ideal to be sought after. We always knew that, in practice, the law never was applied equitably. A rich man always could afford more justice than a poor man. But still, the idea was that we could always improve and Milton's assumption was that we would make progress towards that goal. How was he to predict that our world would decay into such selfish mediocrity and ignorance?

[@morpheus6394]

What time to be alive, to be able to watch content from 40 years ago.

[@pavelow235]

Well I don't have time to watch 10 hours of 1980s Milton Friedman, thanks for the summary!

[@darthclide]

Funny how people forget that Milton was in favor of a NIT (same thing as a UBI, just implemented differently). Once Libertarians find this out about Milton, they then start flailing around trying to prove that a UBI is completely and utterly different than a NIT when their end result is the exact same. Or to put it differently, most UBI advocates could tolerate a NIT if it is passed with no strings attached and allows for every American to receive $1000 a month, and diminishing returns for every dollar they make on the job. Since links might be disabled, Google "UBI vs NIT" and look for the article by Scott Santens. It does a thorough job discrediting the people who say a NIT is diametrically opposed to UBI.

[@Nanofuture87]

They aren't diametrically opposed, though NIT is usually proposed in a way that conserves incentive to earn more. Most importantly though, NIT is proposed as an _alternative_ to all current government welfare. Everything else gets scrapped and replaced with NIT as a transitional phase to ween people off of government.

[@shonuff4323]

We have had the greatest experiment in history to determine which economic style is better. It was called East and West Germany. That is all you need to look at to determine which style of economic governance is best.

[@panamahub]

Undoubtedly one of the smartest family in the world he got Nobel prize and his son David has 2 doctorates one in physics and the other in philosophy. oh yes and David is ancap libertarian

[@matthewgillespie2835]

Milton Friedman is my hero

[@ookazi1000]

Find better heros friend.

[@papaspeleo]

Superb documentary

[@prototypesoup1685]

The portion where Chitester mentions that Friedman says "I was wrong", and that the rule of Law is essential is a little misleading, and is likely an attempt to middle-ground the conversation. Friedman has said a number of times before, once on Donahue that I can immediately recall, that the government is important to "protect me from you" (loose quote). He understood GOV's role. He makes a number of equal, but semantically-different, remarks such as, "I am not an Anarchist". To include the "I was wrong" in ANY context is middle-ground fallacy at best, and misleading at worst.

[@victorjohnson7512]

Milton's books should be mandatory in high school.

[@kimj5037]

Up here in Canada, Libertarianism is never talked about. All of our political parties are only interested in telling people what the government can do for them. As each decade went by, I've watched people become more and more dependent on the gov't. That may change (a little) with Poilievre, but I'm not holding my breath. From a huge, huge fan of Sowell, Williams and Friedman.

[@showmetheevidence777]

What a true legend! It would be nice if people listened and thought about their answers - if you disagree, then (in the words of Thomas Sowell) show me the evidence!

[@engineerahmed7248]

Free to choose then public sector assets must not be given FREELY to private enterprise. Let people be free to choose what to do with public sector assets...Free to choose means let public decide if they want their taxes be spent to build infrastructure that supports private industry or to build a large public sector production facility that gives easy jobs to public and competes against private sector; whether farm land be given to private sector or farmland be used to provide free food to community.

[@engineerahmed7248]

@Jack McCabe Privatization of a public sector asset without public given free choice to choose not to privatize.... Your point on Fair and open auctioning is correct but it comes once public has chosen to privatize.

[@JohnSmith-kn1uq]

I read both Free to Choose and Capitalism and Freedom as a teen and became a political and economic liberal. However, the thesis "capitalism is superior to socialism" does not mean that capitalism is perfect. Neoliberalism and globalism are bastardized versions of capitalism which favors financialization and monopolies, and it does not guarantee political freedom. The West is now enamored with Chinese state capitalism, which is authoritarian in nature. It merges socialism and capitalism; an idea that our materialistic-hedonistic intellectual elite love. Textbooks with their abstract and elegant models are nicer than the real world.

[@nationalallianceforprogres3136]

Long live communism and freedom

[@KingPingviini]

Pipe dreams.

[@stephenoni2019]

Friedman made me a libertarian, among other things.

[@knndyskful]

Thank you for this I’d love to see the long form of this

[@ohdude6643]

Where can I get those videos?

[@oliverallen5324]

Great book.

[@CrowdPleeza]

I wished Free To Choose had included an episode on healthcare. What were Friedman's views on Medicare and Medicaid?

[@copernicus6420]

It seems that America was much more civilized and much more rational country.

[@joelshack85]

That’s bc the internet, social media, corporate media have taken all the basic common sense from all these brainwashed idiots that are allowed to vote!

[@Raelspark]

Those who understand capitalism have a comparative advantage over socialists.