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Thread: A great exchange btw Milton Friedman and Phil Donahue

  1. #10
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    Default Re: A great exchange btw Milton Friedman and Phil Donahue

    Americans had this debate more than 100 years ago, and they've been talking about it since. The widespread consensus, at least since TR's election in 1904, with his promise to bust the trusts and regulate (which he did) the excesses of capitalism, is that some controls are necessary. That doesn't mean replace capitalism with something else. It means control it to avoid the bad shit that Donahue is referring to. That's your history. Look it up. Friedman argued that regulation is not necessary.

  2. #11

    Default Re: A great exchange btw Milton Friedman and Phil Donahue

    Quote Originally Posted by matclone View Post
    Americans had this debate more than 100 years ago, and they've been talking about it since. The widespread consensus, at least since TR's election in 1904, with his promise to bust the trusts and regulate (which he did) the excesses of capitalism, is that some controls are necessary. That doesn't mean replace capitalism with something else. It means control it to avoid the bad shit that Donahue is referring to. That's your history. Look it up. Friedman argued that regulation is not necessary.
    What a gross misrepresentation of both history and Friedman's ideas!

    You may have set a new matclone record for the number of baseless/specious claims in one paragraph.

  3. #12
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    Default Re: A great exchange btw Milton Friedman and Phil Donahue

    Quote Originally Posted by matclone View Post
    Americans had this debate more than 100 years ago, and they've been talking about it since. The widespread consensus, at least since TR's election in 1904, with his promise to bust the trusts and regulate (which he did) the excesses of capitalism, is that some controls are necessary. That doesn't mean replace capitalism with something else. It means control it to avoid the bad shit that Donahue is referring to. That's your history. Look it up. Friedman argued that regulation is not necessary.

    I only read the front page and they both were speaking in general terms. I didn't read where they argued against regulation. Obviously regulation is needed I would not argue against that. I dont believe that TR was taking on the excess of capitalism as much as he was the ability for people to make it on a fairly even playing field. TR was a make it on your own kind of guy but he did not want to see people taken advantage of and have no way of making a better life because of monopolistic companies.
    Last edited by UGLY; 06-17-2009 at 10:47 PM.

  4. #13
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    Default Re: A great exchange btw Milton Friedman and Phil Donahue

    Quote Originally Posted by UGLY View Post
    I only read the front page and they both were speaking in general terms. I didn't read where they argued against regulation.
    You'd have to be either familiar with Milton Friedman, or have even a little trust in what I said. You evidently have neither.

    Quote Originally Posted by UGLY View Post
    I dont believe that TR was taking on the excess of capitalism as much as he was the ability for people to make it on a fairly even playing field.
    Six of one; half dozen of the other.

  5. #14
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    Default Re: A great exchange btw Milton Friedman and Phil Donahue

    A classic political book from TR's era was Herbert Croly's The Promise of American Life. See the paragraph on that book for the gist of his view, and note his concern with "extreme individualism" (i.e. lasseiz-faire capitalism). This is evidence that we've been talking about the same issue (discussed in the exchange at the top of this thread) for more than 100 years.

    http://en.wikipedia.org/wiki/Herbert_Croly
    http://en.wikipedia.org/wiki/The_Pro..._American_Life
    http://www.gutenberg.org/etext/14422
    Last edited by matclone; 06-18-2009 at 12:48 PM.

  6. #15

    Default Re: A great exchange btw Milton Friedman and Phil Donahue

    Friedman is just another nopublican talking point. I'm sure he and his family are very well off...much like the loudmouths who are so angry towards any type of regulation. This thread is an example of that.

    History will judge the GWB administration as one of the most dangerous in history.

  7. #16
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    Default Re: A great exchange btw Milton Friedman and Phil Donahue

    Friedman is influential, but deceased. He was intellectual support for the loudmouths and their non-intellectual audiences.

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