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Milton Friedman on Greed

1 pointsby anto210about 14 years ago

1 comment

mrleinadabout 14 years ago
One lie after another:<p>- "Is there some society you know that doesn't run on greed?" : Capitalism greed has been powered and carried to present levels by the capitalist system. Indigenous societies ran mostly on a community of people working together to satisfy the community's needs. There was an "ours" instead of a "mine". Socialist societies (when implemented correctly, nor Russia or China are) are an example of the pursuit of a "common wellbeing" rather than a "only my wellbeing".<p>- Citing Einstein as an "individual achievement" is incorrect, to say the least. Of course he was a genius and achieved a lot on his own, but most of these scientific achievements are performed through a team of colleagues, not by a "lone cowboy".<p>- All of his remarks point to a unregulated market, which was the seed of the 2008 crysis. For more information, see the "Inside Job" movie. There's no need to say anything else about that. I think the facts speak for themselves.<p>- "Do you think american presidents reward virtue?" And do you think american enterprises reward virtue? Or do they reward friends and family instead?
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