Friday, March 18, 2016

Milton Friedman: Reagan's Economic Advisor On Benefits Of Free Trade

Milton Friedman: Reagan's Economic Advisor On Benefits Of Free Trade

March 18, 2016 Milton Friedman: Reagan's Economic Advisor On Benefits Of Free Trade , 0 Comments


By Milton Friedman, Feb 20, 2011 Golden Mean TX

As discussed in the last blog about Radicalism, liberals and radicals consider capitalism to be evil. They reduce capitalism to a practice of greed, selfishness, cruelty and abuse of the poor. They consider it to be a violation of social justice, a war of the “Haves” against the “Have Nots”. For the last 100 years, liberals and radicals and communists have been demonizing capitalism and its supporters. They link it to colonial exploitation and slavery. They link it to the military/industrial complex, and to the starting and running of wars. To hear them tell it, capitalism is the root of all evil. Never mind that free trade and capitalism produced 18 of the top 20  economies in the world, and allowed the people in those economies to accomplish much to help the poor. Without the taxes collected from capitalist profits, we would not be able to offer the poor of this country so many benefits, and we would not be able to send billions in foreign aid to help the poor and hungry in other countries. 

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