Tuesday, October 17, 2006

Free markets and freedom

Next time someone complains about the evils of a free economy and justifies the need for the state to interfere, ask them to see this interview first. Milton does a brilliant job of linking free markets with the individual freedom.

Selfishness after all is a basic human trait and we’ll never live a perfectly egalitarian society. So why not give everyone, instead of a few in the government, the power to make decisions that impact the whole society. This is the essence of Milton’s argument.



(Source: India Uncut)

2 comments:

Ritesh said...

read this...
http://acorn.nationalinterest.in/?p=1992

Abhishek said...

Yeah, its preposterous that even with the kind of people we have at the helm, government still falls back to such superficial solutions. If you hear the interview carefully this is exactly what Milton points out as the fallacy of centrally planned systems. At best they constraint growth, at worst they kill people.