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.
Labels:
books,
Capitalism,
Human Nature,
Systems
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