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Capitalism and Freedom

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Most Helpful Favorable Review

7 out of 8 people found this review helpful.

A Classic

Apparently Mr. Price has decided to demonstrate to the rest of the voting public exactly why Democrats can't seem to grasp even the basic fundamentals of economics. At least you admit you havn't bothered to read this 200 page classic before condeming it because it does...
Apparently Mr. Price has decided to demonstrate to the rest of the voting public exactly why Democrats can't seem to grasp even the basic fundamentals of economics. At least you admit you havn't bothered to read this 200 page classic before condeming it because it doesn't fit your 'reality doesn't emotionally suit my ego so I will simply deny it's existence' method of analysis. If you had simply bothered to read Friedman's section on monopolies you would have seen why Schumpeter's written works are finally serving a purpose worthy of them, as doorstops. The only entity in a free-market that has the POWER to ENFORCE a monopoly is the government. Just because a monopoly exists says nothing about it's behavior. If the monopoly exists because of a 'market inefficiency', as you call it, then by definition, others in a free market will notice it's higher than average rates of return and competitors will be drawn into the marketplace. The only way monopolies have ever been maintained is through regulatory bodies, created to appease misguided people such as yourself, and then manipulated by the company to 'seek protection' from competition. To claim that the depression was caused because 'the distribution of wealth got so far out of wack that we had the Depression' is so fundamentally flawed in its logic, that I could expound for 30 pages and not near the end of my criticism. For the sake of brevity, the depression was created because of gross mismanagement of the monetary supply. The federal government, in its infinite lack of wisdom, responded to a 1/3 decrease in the monetary supply by further tightening the monetary supply and enforcing wage controls. In closing, before you keep expounding calls for socialist participation in any way, shape or form in this country, I suggest you examine two things: 1. Look into the unempoyment and economic growth rates of our more 'progressive' European counterparts, they average twice the unemployment rate with half the growth. And before you start babbling about how great Sweden is, it would probably be helpful to know that they really didn't start instituting their 'social programs' until the 1970's, their economy is almost purely free-market, and their governmental debt to GNP ratio makes our countries debt look like the cost of tank of gas. From what I hear, these spending-oriented programs have been, for the most part, enjoyable for the Swedes, it's just unfortunate that enemployment rests in the 13% range, they have negative growth, the government 'employs' a frightening percentage of their population, and they're rocketing toward bankruptcy 2. If you want to learn a political/economic lesson from the 20's, research the emergance of this little group called the National Socialist Party which brought us such lovely folks as Hitler (I suggest reading Friedrich Hayek's 'The Road To Serfdom' for starters. I'm sure it's another classic you havn't bothered to read but feel compelled to comment on because 'what sounds emotionally appealing' is a more than sufficient substitute, in the reactionary leftist world, for such time-wasting activities like aquiring actual knowledge.)

posted by Anonymous on October 12, 2001

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Most Helpful Critical Review

3 out of 13 people found this review helpful.

Capitalism and Freedom book highly over-rated

Milton Friedman's book entitled 'Capitalism and Freedom' presents the ideological foundations of the prevailing greed-driven ethos of Corporate Globalization. According to Friedman, and his disciples, 'capitalism' complements democracy. As Capitalism is Not Democracy ...
Milton Friedman's book entitled 'Capitalism and Freedom' presents the ideological foundations of the prevailing greed-driven ethos of Corporate Globalization. According to Friedman, and his disciples, 'capitalism' complements democracy. As Capitalism is Not Democracy critically presents, 'capitalism' in fact, undermines democracy. Capitalism promotes the development of 'capitalistocracy', rather than democracy. I would respectfully recommend 'Capitalism is Not Democracy' for readers who are seeking progressive alternatives to the prevailing context of so-called 'economic progress', which creates mass poverty on a global scale, and ensuing social malaise, crime, and conditions for political extremism which promotes terrorism. According to the author of 'Capitalism is Not Democracy', we need to re-think and reconstruct the economic system in order to serve the quality-of-living of all human beings, with prejudice, rather than the mercenary commercial profit interests of elite 'owners of capitalism', in Friedman's corporate capitalist dystopia. The 'Capitalism is Not Democracy' book, ISBN: 1894934636, presents a comprehensive critique of capitalistocracy that is associated with Corporate Globalization. Indeed, the Big Business-oriented 'Globalization' context is systematically undermining vital human rights, social justice, and environmental protection. This book also presents a progressive alternative economic system to the current context of Corporate Globalization, which is destroying the quality of human survival internationally

posted by Anonymous on September 25, 2005

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    Posted December 14, 2013

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