Why Greed is Good?: Milton Friedman
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Milton Friedman defends capitalism and addresses the criticism of greed, arguing that all societies are driven by self-interest and greed, and that free enterprise is the most effective way to improve the lives of ordinary people.
Highlights
- 🌐 Greed exists in all societies, including Russia and China.
- 📈 The great achievements of civilization have come from individuals pursuing their own interests.
- 💡 Capitalism and free trade have historically led to the improvement of living conditions for the masses.
- 💰 Economic self-interest is no less noble than political self-interest.
- 🤔 The idea of finding angels to organize society is questionable.
