Milton Friedman on Greed

by ,
Milton Friedman

In his book “Capitalism and Freedom” (1962) Milton Friedman (1912-2006) advocated minimizing the role of government in a free market as a means of creating political and social freedom. What do you think of greed?

  • Emile Yusupoff

    I wouldn’t go so far as to say ‘greed is good’. Rather I think it is unavoidable in any system. Better to have one that harnesses it, and also one where everyone can express it, rather than have a hypocritical few prevent others from doing so.

    Also, I think it’s something of a meaningless word. One person’s need is another person’s excess. Words like indulgence, extravagant and decadent are pretty subjective.

    • http://www.facebook.com/frakkingcylon Mike Rees

      Absolutely, greed’s neither good or bad, it simply is. It just tends to manifest differently, largely based on your circumstances.

  • Gabrielė Stakaitytė

    Milton Friedman was mostly a statist pawn. But this video really is timeless.

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