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:
China is not a capitalist country.
What is it then?
In name it is communist, in practice, it is fascist.
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