Prior to capitalism, the way people amassed great wealth was by looting, plundering, and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.

Walter E. Williams, 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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