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| Milton Friedman
A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself. Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible. Hell hath no fury like a bureaucrat scorned. History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition. Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government. The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people. The government solution to a problem is usually as bad as the problem. The most important single central fact about a free market is that no exchange takes place unless both parties benefit. The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom. The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system. There's no such thing as a free lunch. Underlying most arguments against the free market is a lack of belief in freedom itself. We have a system that increasingly taxes work and subsidizes nonwork. |
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