The problem of social organization is how to set up an arrangement under which greed will do the least harm. Capitalism is that kind of a system.

Milton Friedman, Ph.D.

The Tyranny Of Control

Free To Choose Part 2

Government planning and detailed control of economic activity lessens productive innovation, and consumer choice. Good, better, best, are replaced by "approved" or "authorized." Milton Friedman shows how "established" industries or methods, seek government protection or subsidization in their attempts to stop or limit product improvements which they don’t control. Milton Friedman visits India, Japan and Europe.

Author: Milton Friedman
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