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”.
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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.