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Thread: A great exchange btw Milton Friedman and Phil Donahue

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    Default A great exchange btw Milton Friedman and Phil Donahue

    Phil Donahue: When you see around the globe the maldistribution of wealth, the desperate plight of millions of people in underdeveloped countries. When you see so few haves and so many have-nots. When you see the greed and the concentration of power. Did you ever have a moment of doubt about capitalism? And whether greed is a good idea to run on?
    <TABLE style="WIDTH: 93.75pt" class=MsoNormalTable border=0 cellSpacing=0 cellPadding=0 width=125 align=right><TBODY><TR><TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
    </TD></TR></TBODY></TABLE>Milton Friedman: Well first of all tell me, is there some society you know that doesn?t run on greed? You think Russia doesn?t run on greed? You think China doesn?t run on greed? What is greed? Of course none of us are greedy. It?s only the other fella that?s greedy. The world runs on individuals pursuing their separate interests. The greatest achievements of civilization have not come from government bureaus. Einstein didn?t construct his theory under order from a bureaucrat. Henry Ford didn?t revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty that you are talking about, the only cases in recorded history are where they have had capitalism and largely free trade. If you want to know where the masses are worst off, it?s exactly in the kind of societies that depart from that.
    So that the record of history is absolutely crystal clear, there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.
    Phil Donahue: Seems to reward not virtue as much as the ability to manipulate the system.
    Milton Friedman: And what does reward virtue? You think the Communist commissar rewards virtue? You think a Hitler rewards virtue? Do you think? American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of political clout? Is it really true that political self-interest is nobler somehow than economic self-interest? You know I think you are taking a lot of things for granted. And just tell me where in the world you find these angels that are going to organize society for us? Well, I don?t even trust you to do that.

    Here's a video clip of the exchange...

    http://patriotroom.com/article/milto...chool-on-greed

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

    Got religion?
    Last edited by matclone; 06-17-2009 at 06:44 PM.

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

    Quote Originally Posted by matclone View Post
    Got religion?
    Geez clone, you revised this post also. Do you frequently regret the things you type?

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

    With respect to your original reply, I simple posted it because I thought it was a great exchange. Admittedly, I have the utmost respect for Friedman and his ideas.

    I'm not sure you read the post entirely and/or watched the video clip, but I highly suggest you do. If you expanded your sources of information/knowledge beyond the Daily Kos and Huffington Post, you might be able to formulate a cogent argument in one of these debates.

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    Super Moderator UGLY's Avatar
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    Default Re: A great exchange btw Milton Friedman and Phil Donahue

    I only read the post and I think Friedman is right. Tell me one nation or government that is not greedy also tell in the history of the world where did more people make more of themselves than in a capitalistic society. Do you think that the leaders of Communist Russia were hurting for food? The serfs made out in the middle ages under a monarchy system didn't they. Talk about haves and have nots just look those Kings and there subjects. It paints a nice picture of utopian society to dream up scenarios where there is no greed but it is not reality. Donahue can offer all of the negative that comes with free markets but can not tell us how any other system overcomes capitalism.

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

    Quote Originally Posted by ArmyFan View Post
    Geez clone, you revised this post also. Do you frequently regret the things you type?
    You don't know that I regretted anything. It's my prerogative to change or delete. Sometimes, as in this case, I thought of a better way to say what I originally said. Got a problem with that, asshole?
    Last edited by matclone; 06-17-2009 at 07:29 PM.

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

    Quote Originally Posted by ArmyFan View Post
    With respect to your original reply, I simple posted it because I thought it was a great exchange. Admittedly, I have the utmost respect for Friedman and his ideas.

    I'm not sure you read the post entirely and/or watched the video clip, but I highly suggest you do. If you expanded your sources of information/knowledge beyond the Daily Kos and Huffington Post, you might be able to formulate a cogent argument in one of these debates.
    I've never cited Daily Kos or the Huffington Post as a source for anything. I don't even know what Daily Kos is. However, I see a pattern here. You seem to be in the habit of making up things to support your ideology, and making up things about others who don't buy into your ideology. All in the name of religion, er, ideology, of course.

    I probably read Friedman before you knew how to read.

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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 post and I think Friedman is right. Tell me one nation or government that is not greedy also tell in the history of the world where did more people make more of themselves than in a capitalistic society. Do you think that the leaders of Communist Russia were hurting for food? The serfs made out in the middle ages under a monarchy system didn't they. Talk about haves and have nots just look those Kings and there subjects. It paints a nice picture of utopian society to dream up scenarios where there is no greed but it is not reality. Donahue can offer all of the negative that comes with free markets but can not tell us how any other system overcomes capitalism.
    The great thing about ideology is it tends to simply matters. That can be good or bad. Whether you like what Friedman says or not, you should acknowledge that his viewpoint is held by a distinct minority. If you don't understand why, then you have some things to learn.

    Did Donahue say another system was better than capitalism? I missed that.

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    Super Moderator UGLY's Avatar
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    Default Re: A great exchange btw Milton Friedman and Phil Donahue

    Quote Originally Posted by matclone View Post
    The great thing about ideology is it tends to simply matters. That can be good or bad. Whether you like what Friedman says or not, you should acknowledge that his viewpoint is held by a distinct minority. If you don't understand why, then you have some things to learn.

    Did Donahue say another system was better than capitalism? I missed that.
    In the first questions he did not directly say it but he did imply that capitalism was bad so I assume he thinks another system would be better. Also whether his view point is in a minority or not makes no difference, his view holds weight because it is supported by history and fact not by a mythical fantasy land. If one day a better system is conceived and works then we will go to it, we tend to go to what works until then it is capitalism. If you could site me any historical evidence to the contrary of what he said I will consider it.

    I think we would all like to live in a world that has no greed with the same advancements and opportunity we have now, the fact is we dont.

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