(no subject)

[0utlaw-immortal.livejournal.com]

Milton Friedman addresses the capitalism < socialism misconception.

Comments

[hardblue.livejournal.com]

I guess that's why we need to balance the political and the economic
under democratic government - having neither pure capitalism nor
pure communism.

[dexeron.livejournal.com]

Where, exactly, did Friedman address socialism? I heard him reference the USSR and China, but not socialism as a concept. Do you think Stalism, or Chinese Communism, are the same thing as, say, "European-style socialism" or governmental regulation of the market in any form?

I love how he sidesteps "capitalism doesn't reward virtue" by tu quoqueing all over the place. Answer the damn question, Milton.

His intellectual descendents are the type who still refuse the answer the question. "Well, capitalism is best, so we can ignore its flaws" instead of working to make a system that works in the best way for the most people. Capitalism with some regulation and programs to address what falls through the cracks. A healthy balance.

But then, that would mean finding some nice balance between raw, unregulated capitalism and socialism, and we can't have THAT, can we? OH NO SOCIALISM.

[soliloquy76.livejournal.com]

I have to assume that by posting this in a humor community, it's meant to be laughed at rather than taken seriously. I know that wasn't the intention, but that's what I'm going with.

[dexeron.livejournal.com]

We can just assume my comment is directed at anyone who happens along and coincidentally happens to agree with Friedman. :P

[theweaselking.livejournal.com]

"Friedman and Donohue" inherently means it's going to be impossible for any adult to take seriously.

[peristaltor.livejournal.com]

I was thinking along the same lines, but then realized Uncle Milty fell into the same trap as Uncle Karl.

Karl saw the depredations imposed on society by rampant "capitalism"—more accurately, an emerging technological society with increasing mechanization destabilizing traditional human labor from the feudal, non-mechanized times, and one with a legal and social banking system dating back to those times as well—and decided it must be all bad.

Uncle Milty—perhaps intentionally, perhaps not— sees the only major economies to model themselves on Uncle Karl's vision as a vindication of the unchecked rapacity that wrecked Uncle Karl's London, without considering the vastly more successful economies/societies that allowed the best of both systems to flourish and the worst to be quelled.

Neither Uncle seems to recognize that the world might be better off without the black and white. Bring on the grey.

[the-rukh.livejournal.com]

Hey you guess what

[lafinjack.livejournal.com]

what

[the-rukh.livejournal.com]

Not you!

[lafinjack.livejournal.com]

[bonesnapdeez.livejournal.com]

A true libertarian supports Pinochet, right?