INSPIRATIONAL: Milton Friedman on Capitalism and “greed is universal”; it’s good for the poor too

Milton Friedman Teaches Phil Donahue
Posted by Karen De Coster on April 14, 2010 07:15 PM

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Sure, Donahue was a boob, even when he was right (such as war), but just 30 years later, can you imagine any television talk show host bringing on an intellectual with the caliber of Milton Friedman? Compare Oprah or Sally Jesse Raphael. Donahue also interviewed Ayn Rand. In light of that, I have many fond memories of the Phil Donahue show. My Mom had his show on all the time, so I watched it, whenever possible, from the time I was about ten years old. I learned much from the debate/discussion on his show.

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Two minutes; Safe For Work. Stunningly inspirational!

In the movie, we learned from the character Gordon Gekko that “Greed is Good”.

“I am not a destroyer of companies. I am a liberator of them! The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much.”

Here we learn from Milton Friedman, that it’s not only good for the poor unwashed masses, but that it’s inescapable.

All “leaders” always have clay feet pursuing their own ends. They can’t help but be human.

And, Milton Friedman warns us to trust none of them.

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