Greed is good…

Greed…stolen from Libertarian Blog, and includes video of Milton Friedman…again

Wednesday, October 26, 2011

 Milton Friedman on Greed Video at link

“Greed is bad” our liberal friends tell us.
“Greed is good” says Gordon Gekko.

Who is right ?

Fact is, that greed is a human condition, regardless of what system you live in. Greed is to strive to have more of the same, whether you already have a little of it or not. Fact is also, that there is no political or social system which has advanced the human condition in general better than capitalism.
Yes, we still have poverty, but not to the same degree as is the case, for example, in North Korea. Or in Somalia, or in Zimbabwe, or in Russia, or in Syria, or in Iran, or…or…or.
Do we have greedy people ? Of course, we do. Are they more greedy that greedy people in any of the other countries ? Some of them might. But is it not also true that we like accusing others of greed, while pretending ourselves to be not greedy at all ? Are those who demand a redistribution of wealth, an extra tax on the rich not also greedy ? Of course, they are. What’s worse, they are so greedy that they do not mind holding others at gunpoint to take from them, what they themselves have never earned.
The fact remains that no other social system ever tried on this planet has been as successful in lifting the poverty line as capitalism has. Is the distance between rich and poor growing ? It might be. But the poor in our countries are still considerably better off than those in others. And there is no statist totalitarian country that is better off economically than we are.
Milton Friedman understood this very well, and delivers a persuasive argument in favor for capitalism (and greed) in this video clip which was recorded on the Phil Donahue show.
Enjoy.

RELATED LINKS:
Greed & Hippies Properly Understood | RedState
Phil Donahue and Milton Friedman debate the greed of American capital..
Milton Friedman and Phil Donahue Discuss Capitalist “Greed” vs…
Occupy Wall Street protesters hurt by their own flawed logic :The Jhub
Greedy Capitalists ?
Greed is good…ambition, work ethic and drive | pindanpost
What Milton Friedman would tell Occupy Wall Street. | The Rugged Individual..
    Selected Reading on Wealth and Poverty »  Bill Muehlenberg’s C..
Corporate Greed Well and Truly Exposed
The Failure of The Free Market… « charles’ log
PJ Media  » The Fallacy of Positive Rights
this is this | An Inquiry into Capitalism—Suggested Resources
Why Capitalism, Freedom, and Relief from Poverty Go Together | A Silly Man ..
Hunger Rumblings » Blog Archive  » Occupied        ..
The American Spectator : Friedman’s Four Ways
Milton Friedman On Greed – Phil Donahue Show (1979) – Home – The Daily..
Milton Friedman on “greed”. | Dum Spiro Spero
Occupy Wall Street – The Great Non-Sequitor – Zomgee
Milton Friedman on Greed: Where In the World Do You Find These Angels? &laq..
Milton Friedman and Phil Donahue Discuss Capitalist “Greed” vs…
Milton Friedman on Greed and Best Way to Spend Money  | News by Photos Cybe..
Greedy Capitalists
Milton Friedman on Greed, Capitalism and Government | The Cynical Economist
agog » Blog Archive   » Shocking Greed
THE AWESOME MILTON FRIEDMAN ON SELF-INTEREST & SELF-OWNERSHIP | Daniel ..
Milton Friedman: Why soaking the rich won’t work. « Daniel J. S..
The False Dichotomy of Greed «  naked capitalism
Friedman, Greed, and Economic Stimulus | Axis of Right
Age of Greed: The Triumph of Finance and the Decline of America, 1970 to th..
The Liberty Blog | Centered on Constitutional Limited Government, Economic ..
Milton Friedman had the right idea about capitalism | Tulsa Beacon
Reagan’s Beliefs, America’s Follya report of Milton Friedman’s answers…

About Tom Harley

Amateur ecologist and horticulturalist and CEO of Kimberley Environmental Horticulture Inc. (Tom Harley)
This entry was posted in Uncategorized and tagged , , , , . Bookmark the permalink.

One Response to Greed is good…

  1. Pingback: bulldust not paying well … | pindanpost

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s