Friday, October 3, 2008
Friedman
Overall i found Friedman's point that there can be many combinations of the different forms of economic ans political freedom. He points out that capitalism is necesarry for political freedom pointing out that there were Facist and tzarist regimes where that was not the case. As for his discussion on the "neighborhood effects" where as a result of monopolies some private businesses do not have a chance of surviving. He describes it as the "effecton third parties for which it is not feasible to charge or recopense the (92)". He seems to be encountering a difficulty in a total free market while still providing everyone with equal oppotunity to have their own economic freedom. However, Friedman would not support the regulation of monopolies because he was for as little government interation as possible and beleived that if a country is economically free then it will be politically free.
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