Capitalism and Freedom
Posted by Jack Stephens on May 9, 2007
Jo Swift blogs about capitalism and freedom:
Capitalism is NOT about “freedom and democracy”, as the Establishment economist and Nobel Laureate Milton Freidman had championed in his book of the specific title Freedom and Democracy.
Capitalism is a political economic system which seeks to facilitate the materialistic ambitions and insatiable pursuit of commercial profit by “owners of capital”. Capitalism is not about affirming rights of ‘people’ in a democracy.
In sharp contrast, capitalism destroys the rights of people by sacrificing those rights to the pursuit of materialistic ambitions and insatiable pursuit of commercial profit by the “owners of capital”.
Howard Schwartz said
I agree with your view of Friedman. I have written a critique of Friedman’s Capitalism and Freedom from a different perspective, arguing that freedom has to be understood differently than Friedman. My site is dedicated to a progressive view of liberty.
http://www.freedomandcapitalism.com
The critique of Friedman’s view of liberty is found here as well. Be curious as to your thoughts.