9/05/2007

Could Uncle Milty Be Wrong?

Click here to read about "Chinese capitalism."



Underlying most arguments against the free market is a lack of belief in freedom itself.

Milton Friedman
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For the first time, the Chinese government has admitted selling the organs of executed prisoners for profit, a gruesome business it had denied for years.


The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

Milton Friedman
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Unless of course you happen to be a slave laborer in China...


History suggests that capitalism is a necessary condition for political freedom.

Milton Friedman
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Obviously, political freedom isn't required to have capitalism...at least in China.

3 comments:

Cato said...

China is not a capitalist country.

666 said...

What is it then?

Cato said...

In name it is communist, in practice, it is fascist.