Monday, June 24, 2013

Milton Friedman on the difference between being: a) pro-free enterprise and b) being pro-business

Milton Friedman on the difference between being: a) pro-free enterprise and b) being pro-business | AEIdeas:
"You must separate out being “pro free-enterprise” from being “pro-business.”
The two greatest enemies of the free enterprise system in my opinion have been on one hand my fellow intellectuals, and on the other hand, the big businessmen – for opposite reasons.
Almost every businessman is in favor of free enterprise for everybody else, but special privilege and special government protection for himself.
As a result, they have been a major force in undermining the free enterprise system.
Stop kidding yourself into thinking you can use the business community as a way to promote free enterprise.
Unfortunately, most of them are not our friends in that respect."

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