Saturday, 1 May 2021

The businessman as the enemy of a free society ...

"The[re are] two groups of people… [who] seem to me, in general, the greatest enemy of a free society. On the one hand there are the businessmen. They are the great enemies of free society because almost every businessman is in favour of free enterprise for everybody else, but against it for himself*. On the other hand, the intellectuals, strange to say, are often against the free enterprise society, because they are in favour of it for themselves and against it for everybody else.."
          ~ Milton Friedman, from his 1965 speech on "Liberalism'

[Hat tip Jeffrey Tucker]

* Clarifying in an interview later, he explained "Every businessman and every business enterprise is in favour of freedom for everybody else, but when it comes to himself, that’s a different question. We have to have that tariff to protect us against competition from abroad. We have to have that special provision in the tax code. We have to have that subsidy. Businessmen are in favour of freedom for everybody else but not for themselves."

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