Wednesday, January 24, 2018

Remember, capitalism is a terrible system.......


.........and its only redeeming value is that it has proven to be more effective at providing a decent life for more people than all the other systems combined.

"Friedman boldly asserted that all societies were structured on greed:  'The problem of social organization,' he claimed, 'is how to set up an arrangement under which greed will do the least harm;  capitalism is that kind of system.'"

-Edward Chancellor,  Devil Take The Hindmost:  A History Of Financial Speculation

Ed. Note:  If the lust for power is considered one facet of "greed," surely you will agree that Friedman is correct about societies.

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