Monday, April 19, 2010

Milton Friedman's Intellectual Kung Fu

Behold, the argument for capitalism 40 years ago and yet to be refuted.



Keanu Reeves only dreams of having the clarity of thought requisite to such outstanding arguments as presented by Mr. Friedman in the following video clip. Am I alone in visualizing the intellectual beatdown dished out here? I was just waiting for Friedman to tell Donahue, "Now, go fetch me a switch and we'll whip that ignorance right out of you"

As demonstrated in the video, I find it facsinating that capitalists having been taking central-planning types (socialists, facists, leftists, etc) behind the woodshed for 40 years, we're still having the same debate about economics today.

My only hypothesis is that Marxist ideology is more emotionally satisfying than the reality of the human condition. Free minds and free markets are a difficult concept to appreciate in a vacuum. However, the historical generation of wealth and welfare in a free market when compared to the unending misery cultivated by totalitarian societies seems to serve as a confirmation in my opinion.

1 comment: