|
miguelcarvalho2008 (December 31, 1969 at 11:59 pm)
After this world financial and economic crisis what will be made of Mr. Friedman's ideas?
TimeWarp66 (December 31, 1969 at 11:59 pm)
They'll make more money, sure. But power? What power? Can Microsoft or Exonmobile take away your right to bear arms? Your right to free speech? Can a corporation steel a 3rd of your income every year and call it a "tax" for societal benefit? No. But governments can.
psychiatristman00 (December 31, 1969 at 11:59 pm)
actually not really...without government involvement, more firms will be able to enter the market, making it more competitive and less centralized...also...the economy is separate of the government. the government is an institution that protects citizens rights. in a true libertarian society the govt is not in bed with the economy and therefore any accumulation of unchallenged economic power (which is HIGHLY unlikely to accrue anyway) does not transfer into govt power.
Aleowiciuos (December 31, 1969 at 11:59 pm)
Finally someone with a brain! You can only go against nature temporarily, even Freidman stated it in one of these other videos. Did he ever really work to make a living anyway?
NecroButcher91 (December 31, 1969 at 11:59 pm)
I've always thought that was the major flaw in any libertarian or laissez-faire philosophy. In an unregulated environment, some people (or corporations) are naturally going to accumulate more power than others, thus restricting the liberties of others in exactly the same way a government does. Big government and big corporations are essentially the same: people depend on both for some service, thus both exert a level of control over the individual.
zsylvana (December 31, 1969 at 11:59 pm)
A quarter-century, there has been a contest among developing countries, and the losers are clear: countries that pursued Friedman policies lost the growth sweepstakes.Though neo-liberals do not want to admit it, their ideology also failed another test. No one can claim that financial markets did a stellar job in allocating resources in the late 1990s, with 97% of investments in fiber optics taking years to see any light,and the more recent massive misallocation of resources to housing.
zsylvana (December 31, 1969 at 11:59 pm)
The world has not been kind to Friedmans Neo-liberalism, that grab-bag of ideas based on the fundamentalist notion that markets are self-correcting, allocate resources efficiently, and serve the public interest well. It was this market fundamentalism that underlay Thatcherism, Reaganomics, and the so-called Washington Consensus in favor of privatization, liberalization, and independent central banks focusing single-mindedly on inflation.
r2cannon (December 31, 1969 at 11:59 pm)
The government has no fear of accountability. Take Barrack Obama for instance. He has done absolutely nothing in congress but yet an ignorant constituent base assumes he's going to change our country. Another instance John McCain was assumed to be a war hero, he was a POW and nothing more. The governments job has become to create more jobs and keep itself in power. Bigupz you fail to see that when you only have two choices on each office. Democrat and Republican parties are corporations
AtomicCombustion (December 31, 1969 at 11:59 pm)
Aleowicious' short-sightedness & many others like him will end up costing us every liberty and freedom we enjoy. As government assumes more responsibilities that are more properly regulated by the individual's choice, our lives will be more regulated by someone else. This is the central danger to us by a large nanny government that does not allow the freedom to make mistakes or do acts considered "dangerous" by consensus. Things done "for our own good" will stifle our liberty and end in misery.
Aleowiciuos (December 31, 1969 at 11:59 pm)
Friedmans short-sightedness lies in the the fact that notwithstanding his good intentions, the self-denying ordinance of the people with always come back to a hierarchy of order which inevitably results in a govt. Sure, let the people discuss with their insurance companies whether they have to wear helmets while on their motorcycles. Their actuaries will probably ban motorcycle riding altogether for their clients. |
