Posts Tagged ‘friedman milton’

Great Achievements Do Not Come From Government

July 31, 2013

Today marks the 101st year since the birth of Milton Friedman, whose observations and conclusions ring loud and true today.

Regarding achievements, Friedman said,

“The great achievements of civilization have not come from government bureaus.”

Albert Einstein Was Not Inspired by Government Order

“Einstein didn’t construct his theory under order from a [government] bureaucrat. ” Milton Friedman

Henry Ford was not ordered to improve production by government.

Henry Ford didn’t revolutionize the automobile industry in that way.” [by government order] – Milton Friedman

Milton Friedman argues that the only cases in which the masses have escaped from grinding poverty, the only cases in recorded history is where the society had capitalism and largely free trade.

On the other side of history, the masses are worst off in the societies that depart from capitalism. Such as when Stalin moved to force the collectivization of farming which resulted in the drastic drop in living standards of the masses and widespread famine where an estimated 5 to 10 million people died of starvation.

Stalin’s Collectivism death by starvation.

“So the record of history is absolutely crystal clear that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.” – Milton Friedman


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