Capitalism and Freedom

Capitalism and Freedom

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Capitalism and Freedom 4 out of 5 based on 0 ratings. 20 reviews.
Guest More than 1 year ago
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.)
Guest More than 1 year ago
Thank God for this timeless voice for Liberty. This classic work effectually reconciles the ideals and mechanics of true political Freedom for generations not yet born. This book is indespensible for any serious student of political science. In genius and in importance of statement it rivals the Declaration of Independence itself.
Anonymous More than 1 year ago
Milton Friedman was a key researcher on the effect of Keynes' fiscal policies 1930-1950, and pioneered the development of the monetary policies which subsequently stabilized the economy until they were abandoned around 2004. This book makes the case for economic freedom in a readable, non-technical manner. His remarks on the Rule of Law are very thought-provoking. Complements Hayek's "Road to Serfdom".
Guest More than 1 year ago
JEFFERSON VS. HAMILTON....our individual , personal freedom without federal supervision . ....... wasn't over slavery ;ie , states effecting their freedom of choice
Guest More than 1 year ago
Republican or Democrat, they are just different socialist parties fighting for different interests (being bought by different social organizations). You either have organized labor (socialists, communists--democrats) or you have organized capital (gov't. controlled industry, fascism-republicans) take your pick. The irony is they both end up with gov't. control/planning for every individual decision. We need to take a look at how we became the economic leader...through liberalism (individualism is a better defintion--not liberal in the american political sense). We don't need socialism to fix everything. Look at Europe/Germany (of today). We don't need gov't, control of industry. Look at Japan (present) and Germany (of the past --Hitler). Take off the blinders and approach the problem with no preconceptions/mispreconceptions.
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Written by icon of self reliance and intellect...a grow up and smell the coffee seminar.....should be required reading for all college students.
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Guest More than 1 year ago
As much as I agree with many of Mr. Friedman's points, his style of writing leaves a lot to be desired. He was an academic, and writes like one. This book reads with all the zip of your new blender's instruction manual. That being said, this book is a great defense of the individual against overbearing society, one that seeks to make him little more than a stupefied child. While his chapter 'Distribution of Income' is full of contradictions, the rest of the book tends to hit the mark logically. I would highly recommend a reader interested in the subject of freedom instead read 'The Road to Serfdom', a much better argued and much better written book.
Guest More than 1 year ago
I have not read the book, but since the last reviewer used this forum to spout political propoganda, I feel the need to respond. Ted, you should also understand that there needs to be a balance between capitalism and socialism in our country (not communism,but socialism. There is a huge difference). As the great economist Joseph Schumpeter said, 'capitalism cannot exist without an oxygen tank.' What he means is that on its own capitalism leads to market inefficiencies (i.e. monopoly). We must have a mixed economy, not pure capitalism or communism, for they both yield horrible outcomes. That is why Democrats and Republicans are both needed. They help to balance economic policy so that it does not go too far in one direction. (As it did during the 20's when your party, the Republicans were in office. The distribution of wealth got so far out of wack that we had the Depression. This maldistribution of wealth was a result of republican policies favoring business).
DavidCA More than 1 year ago
Its a curious thing that Milton Friedman's policies have only been able to be adopted by iron fisted dicators (Chile) or threats by the IMF; Poland, South Africa, Russia, Asia. Only by forcing populations to adopt Milton Friedman's policies have they been implemented. And those who have experienced his brand of economics have voiced their extreme displeasure. Well except the dictators who profit nicely from the privatization of their countries resources and industries. So much for "freedom". Well the freedom to enter poverty in larger numbers after Freidman's polices are used.
Guest More than 1 year ago
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