+Consult Keith Young In the later episodes that starts to happen more often especially when his argument is correct in abstract. When in reality they should try to point out what sort of costs that would impose and say it's either a bad trade off or that because it violates the status quo its unlikely to get much popular support.
🌎 As long as people continue to see themselves as separate from everything else, they lend themselves to being completely enslaved. Success depends on how well we relate to everything around us. Joy comes from that bliss of connectedness. I believe that unarmed truth and love will have the final word in reality. To love; you should have good heart. I am a good person until I see a person better than my standard of goodness. Being good is the progress towards a worthy cause. Love is God. Whoever lives in love, lives forever. How selfish it is to try to keep something forever? Love is all about nourishing, nurturing, sharing and expanding the love within you for all. The principle to which we adhere to is that we have kindness of love at heart for the whole of mankind. As long as there is the unnecessary differences within us; we can not live peacefully so we have to eliminate all the unnecessary differences among us so we can love all. People abilities may vary but not there true love. If we love a person/ God for a reason then we love the reason but not the person. No reason is the reason to love the person because true love never fails. So do not compare or measure the true love as first or the last but love all truly. If you love people truly then you can understand people. If you don't love then you don't understand people at all. People are controlled by system why? The Cyclical Consumption is the current economy all over the World. It is making the scarcity problems of the earth finite resources to deteriorate day by day. Current Monetary System is legalised theft. Real money is Gold and Silver. Scarcity gives the money more value. Real money won't lose it's value. When Governments stay away from Gold & Silver then very easy to transfer the wealth / resources to upper class the Rich (Corporatocracy) Elite. When the Governments are printing out more new fiat currency with reserve banks, our old currency is losing its purchasing power everyday. They are printing millions of currency everyday. All governments and laws are existing right now to transfer wealth to upper class the rich elite. The USA Government & other Governments are in many countries, bailed the investment banks & financial institutions in 2008 against the majority of the people. There is no democracy in any countries. Because of the Money System based on profits motive only above all else even humans lives and well-being. So, we do not have freedom to protect our values with the money so on. The violence, bankruptcy & all the negativities are build into the Monetary System of our society. All are owned (including ourselves) by Reserve Bank. Which is private cartel the corporation. So, in legal system, we are legally considered as chattel the properties. They make money in the capital markets with our birth certificates. They do not consider us as Humans. That's the truth. We are at the invisible war with the Elites (Corporatocracies). We have to fight for our Freedom. Resource Based Economy is the Solution. We have to declare the earth resources as the heritage of all the people of this world. So everyone has access to it. Please have your research about zeitgeist movement then you know the truth more. Truth About Health/Drugs Industry Because Of It Your Life At High Risk The drug industry is a 1/2 trillion dollars a year worldwide conglomerate. Almost 300 billions dollars just in North America. That is really big business. What would happen if everyone were well? There is no money in health. You see, good health makes a lot of sense but it doesn't make a lot of dollars. Because everything they do is toxic. Every drug they use, prescription drugs, all drugs are liver toxic, bar none. If you've had amalgam fillings put in your mouth by dentists. It is highly toxic. There's cancer because most of the chemos are themselves carcinogens. To view the tumor as the cancer and we know the tumor is not the cancer. The cancer industry is 200 billions dollars a year. The more work they get, the more profit there is. You have to dismantle; If the truth ever came out about what we would need to do. 30% of people of females in America are at risk of getting, will get cancer of the breast. The ones that are already dead have been grossly mistreated by the medical profession and by the government that supposedly is supposed to encourage free research and development of all possibilities. Why would medical doctors who studied medicine and practice medicine and are heavily funded by pharmaceutical companies why would they go and look into vitamins? That they never had the answer orthomolecular. And as more and more of our population start taking their health into their own hands, there's going to be even more and more of changes. It can't go on the way it is. The system is failing apart. We must make nutrition the primary prevention strategy for the population. You are what you eat. You are everything that you have ever done to yourself. The choices you make directly affect the outcome of your life. - (Food Matters Documentary in Netflix)
@@JavierEzln94 They were free in some respects and not in others. The people were free in the marketplace thanks to the rules in place but were not so free to change those rules via elections. Of course, if they really wanted that, they could have pressured the local government and therefore the British empire to start the handover to mainland China sooner. But that handover came about from Chinese pressure along with the agreeement that they wouldn't change the rules in Hong Kong too much, the same rules that made them prosperous in the first place.
@@JavierEzln94 Please watch 37:37. Milton addressed your comment 41 years ago. It helps to hear someone out. Tough to beat Milton, I don't agree with everything he says, but still, he was quite a guy.
Fascinating debate. Why can't people disagree in a civil manner these days? I disagree with the socialist but he presented his argument in an intelligent and articulate manner without the shrill insults and slurs, coupled with platitudinous appeals to emotion that we see from the Left today.
In my experience left wing commentators are more likely to shout, heckle, interrupt and harangue their opponents in political discussion. This is frequently the case in Britain, not sure how it is in the U.S.
tbone35453 ah, yes. I've seen some of those debates. I'm in the U.S. Nobody really gets to get a good word in. Zingers are valued more than comprehensive thought.
Yeah, it would be a good idea to start a movement for a more civilized, respectful form of political discourse in the UK and US media. Unfortunately, less people would tune in to watch it these days.
Yes! Obviously, on one point. The other is also obvious. In that the "intelligent" man was afforded an education that could lie so well as to convince them that their own accomplishments weren't real. The convinced slowly eat themselves as they explain away every "privilege" they have. Every truth in their eyes, ears and experience is weighed against the lie in their minds and the lie is always true. If not, then everything of worth *in their mind* is false. They worked for knowledge yet know nothing of any value. They are slowly working their way to 0. All that's *left* is submission, acceptance and futility. The individual here is of no importance to the collective. What's left near the end is the desire to set itself apart in order to save its individualism. The focus moves to surface level: Shallow asthestics. Attributes like, gender, sexuality, race, and wealth. It's right back where it started. Eating itself from within. Just as it was programmed to do. What was the term you used? Ignorant? That's fitting I suppose.
@@hogbowlbeats Capitalism is live and well. He was wrong on notion that prospering economy leeds to citizens demanding personal freedom to, what is not the case, as seen on chinese example, where totalitarian system has completed control over citizens, and even uses tools provided by prospering economy and inovations to actively controls citizens and keeps them in check. Best example are chinese Tech companies, who are used as tools of mass surveillance and censorship. Also increase of prosperity, has just streingehend chinese trust in the party and totalitarian system (same what happened in Germany when nazis came to power)
Not only did Milton make films in which he outlined his points of view and backed them up with empirical evidence, but he was also willing to confront his critics face to face in an open debate, and almost always get the best of them. If I'm ever in need of a good laugh, I imagine Michael Moore subjecting himself to this kind of scrutiny in a debate over the films he makes. It would be embarrassing.
Thats because as the scientist he is, he doesnt have to have the mindset to prove his ideology rather than coming to a conclusion after analyzing given facts/conditions etc. so in a discussion, what does a person with such a mindset has to lose? The worst thing happening would be your conclusions proven wrong, but even then you would only benefit. Thats what bothers me, when discussing topics with other people: most seem to feel personally responsible to prove their ideology rather than seeing it as a refinement of ones ideas.
Tenebrousable: It's not actually Michael Moore in that video; it's just another nitwit spewing the same kind of garbage -- back in the 1970s -- people like Moore spew today. The kid is a kind of pre-Michael Moore Michael Moore, but without the camera and film script lies. They've been with us for a long time.
In 1980, Milton Freedman introduced a book and a TV series "free to choose", that explained clearly how the market system, that everyone typically supposed was a chaotic force, would create wealth without any centralized power making it come about. Indeed, he postulated that attempts to create wealth by government commandment actually worked against the general welfare. But what occurred after Milton aired his ideas was perhaps more interesting than the book and TV series. The incoming president, Ronald Reagan, was like minded an actually put a lot of Milton's ideas into play. The result were the roaring 80s and 90s, a time when fantastic wealth was created, inflation brought to a standstill, and employment so universal that companies actually had to search out and train unemployed because they were becoming scarce. Many people said the computer revolution was actually responsible for this period. Others pointed out that the banking failures and other market problems had their start in this epoch, or that this was the start of a great increase in government debt. Whatever the effect of Milton's ideas, they are timeless. And they deserve a new reading and watching by new adults today. Before the time of Friedman, people believed in their hearts that wealth could not be created, but was a fixed quantity rooted to the land and owned by those lucky enough to inherit it. Look around you today. Everyone says that they believe wealth can be created, but you can see they don't truly believe it. We have fallen back into the ideas that wealth is immutable, and that the rich are holding it captured away from the rest of us. This is the way of envy, of class warfare, and yes, of socialism. Here is your antidote. His name was Milton Friedman.
But the rich demonstrably do hold wealth captured away from the rest of us. Poor people do not have offshore accounts to park money in. Rather, they circulate the money they do get through the economy because they need to pay for things. This principle is known in economics, the velocity of circulation of money. (Though some who talk about it downplay the absolutely vast amount of currency that a tiny group of wealthy people hoard and remove from economic circulation.)
fudgedog He knows his words are a product that will be bought when they appeal to and are understood byt the masses. Politicians are like doctors. They talk using the vocabulary that dominates in that profession that they lose the ability to communicate with people outside of those circles.
fudgedog He's making an effort to speak clearly. If his opponents spoke in clear language, their ideas wouldn't sound very good. A person whose speech makes no sense might be inarticulate, or he might be deliberately obscure because if he let people see what he really meant they'd throw him out into the street.
Old comment but maybe someone will come around. It an idea that if you control speech, you can control pthers ideas, control ideas you control thoughts do this longer enough, multiple generations and you have control over society. Small planned changes over time accomplish this. You can see how speech and definition of words have been changed dramatically over the past decade, but it starts with small changes that the majority complies with. You confuse people by over complicating it, this causes people to give up control over thoughts by thinking less, there are more steps to decipher the true meaning of the language spoken, so eventaully the majority gives up and accepts it. Look at pc culture and how this is done. Look at how theeaning of words like rape, racism, sexism, violence, assualt, all are very serious words that have been changed. New words like microaggressions are added to enhance these new definitions and allow broader, less precise usage while the word itself still holds the same weight in most peoples mind, but can be applied to anyone who you or anyone with malicious intent would like to deface. This leads to more control and develops a system to cull the weeds and to have the masses do it for you. They are losing indivduality and become a group, a cluster of people who believe they are fighting for what us right and just. Those who see through it can easily manipulate the system and push it further. If you need another examole on why those in power intentionally confuse people, look at the federal reserve. Its actually a simple system to basically rob people through inflation and to put that power in just a handful of people. Argueably its one of the most powerful institutions in the world. Why is this allowed? Oh its to complicated, dont even bother to try, just be happy your dollars are worth something. Its bullshit, think for yourself, and try your best to put whatever anyone else says into your own words so you are able to see what they are really saying, dont give up you mind to people hungry for power.
@@blackmail1807 the man advocating freedom is trying to trick the gullible, but those vying for more power over your life and finances are looking out for your best interests? Nice try
+firebat724 Seems to me that Barbara is the "dumb" one if she can't understand your sentence because of one typo. Judging by the context you obviously meant 'your'.
wow, that was exciting! I have found my new series to binge on. Intelligent conversation and a debate where people can express an entire thought without being told to shut up. /mind blown
Gotta Love Milton Friedman... A man for minimal government, no taxes, and free market. I encourage all you non-believers to read John Locke Second Treatise and Robert Nozick work. The Fundamentals of Libertarian Ideology.
It is truly fascinating to watch this now. Not now as in politically now, but what has happened over time. To listen to Harrington's fretting about globalization, when it has been shown that Milton's ideas were right, to listening to Harrington's solutions, now that many have been enacted and they have results that Milton predicted they would. Corporatism, cronyism, loss of liberty, and decline. Love these!
One of the main reasons I love Friedman so much is he is unlike most modern day Libertarians. That is, he's extremely respectful and professional and although he's schooling people who aren't making sense at all he still treats them like a human and not an idiot. What a great dude.
G'd this brings me back. In 1994 when we arrived from EX USSR, the beauty of cities, the magnificent sky-rises, I would stare at them with awe. The ingenuity, the machinery. I remember my first visit to Safeway with my Aunt who already lived here. We bought some food items and since it was cheap we loaded almost a cart full of the same item. My Aunt asked us why we did that, we said -" Well the store will run out of the item probably because its cheap" My aunt burst out laughing.
I totally agree with this. I also believe that a lot of that attitude and delivery has to do with being a teacher/educator for so many years. You learn to teach the student by instilling your knowledge on them without tearing them down, but building up their confidence in the teacher and in themselves. It takes a special person to be able to do that. M.Friedman definitely had it in spades. Think about the teachers that made a big difference in your lives, they probably had it too...
Interestingly, I learned of this 10 part series from an interview with the host, Milton Friedman, on an episode of Phil Donahue's old TV show. It originally ran on PBS in 1980. Donahue is a liberal icon & PBS is often demonized as an extravagant waste of money, gouged unwillingly from taxpayers. But never mind all that. It's an interesting series, as is the ironic history of the program & how I became aware of it. In the final analysis, I suppose it all comes down to whose version of nirvana one buys into - that of the Right or that of the Left. Personally, I'm glad for this program, Donahue, PBS, RUclips & for you, for taking the time to read this comment. Have a nice day!
"Human and political freedom has never existed and cannot exist without a large measure of economic freedom. Those of us who have been so fortunate as to have been born in a free society tend to take freedom for granted __ to regard it as the natural state of mankind __ it is not. It is a rare and precious thing. Most people throughout history, most people today have lived in conditions of tyranny and misery, not of freedom and prosperity. The clearest demonstration of how much people value freedom is the way they vote with their feet when they have no other way to vote." People hate the ideology of freedom, because it removes power from their hands.
I believe the idea of freedom is very deceiving to people. As human we constantly ask for freedom , yet we don't know what we're going to do with it in case we ear it. the day a person born s/he meets the family. this the first step which I believe plants the idea to live with others and do things with others. the fisrt moment we came to this world we need other people we can't live alone. therefore, if we cannot bear living alone, how can ask for freedom
+Eric Cartmenta I disagree with your analogy because one of the duties parents (family) have, among other things, is to prepare their offspring on how get by on their own once they reach adulthood, which involves independence and therefore freedom.
how? An onligarchy can only come into power if they have the ability to adjust the law to root out their competition. This requires the government to have the power to do that. In a capitalist society, in which the government is separated from the economy that power does not exist. This means that a socialist system has to already be in place for such a thing to come into materialise....
It's apparent from these comments that the free exchange in these dialogues is really refreshing to people who already strongly agree with Friedman about everything.
Learn the difference between your and you’re. Apparently you just absorb the lefts socialist manifesto. And yes, the air is, in fact, cleaner than 100 years ago. You’re so dumb.
@@moteingodseye Tactical protocol following the Mozambique drill suggest two the body, and one to the head are sufficient to put down close quarters assailants. Your aggressive ascension of this technique to three point blank head shots may not be universally necessary, but here it demonstrates impressive effectiveness.
Money buys freedom! Yes! and you earn money by being a productive person! individuals that become rich by making good choices are able to buy freedom! Ill play along with the freedom game. it sounds fair and just.
Thats the cute way to say that since we are borned, we are predestinated to fill someones job and keep the same or even more level of productivity. Being conscious about the arithmetical progression of the growth in survival resources , in the malthusian perpective, and taking care about the geometrical progression of the human growth, its quite funny to say nowadays that we achive freedom by our own choices.
College campus could not host this debate today, it would trigger to many shouting lift wing students and so-called professors. We seem to be more interested in identity politics than factual debates, and we know all this type of capitalism is a tool of the “patriarchy”. What has happened to us, we are regarding not progressing.
Listening to Milton Friedman gives me a feeling of euphoria. Finally hearing everything you have ever wondered about explained very clearly. His explanation of the very, very simple forces that create such incomprehenisble, complex manners of interaction is so statisfying to hear. Much more statisfying than most economist one hears today, that talk very, very complex ways of government interference to deal with these incomprehensible, complex manners of interaction.
it makes me sick when I hear a politician demand more government is needed to sustain the economic climate. Friedman gently describes how free-markets have shaped the world into its best condition, in all parts of the world. Then a politician makes all kinds of crony counter-arguments in favor of taking away people's freedoms and earnings to fill his own pockets, because he's supposed to "come in and save the day for the less fortunate". I respect the peaceful debate taking place, but I still have zero respect for these crony socialist politicians, regardless of the times they existed.
Harrington mixes up the difference between a true free-enterprise system and a crony manipulated economy created by the policies he proposes and the collusion of big government with big industrialists. He makes Friedman's case without even realizing it.
That's like saying USSR wasn't a socialist entity because the nation didn't practice "real" socialism. Crony capitalism, or corporatism if you will, is capitalism in practice, in full-blown form. You will never see any pie-in-the-sky textbook case of capitalism in reality. And in reality, capitalism in its nature inevitably becomes a state-sanctioned monopoly whether you like it or not.
+rivetgunner I think you are onto something. Crony capitalism is the evil perversion of capitalism. They are not the same thing as +Brandon Grinberg pointed out. What we are witnessing with the ever increasing state interference with the free markets aka crony capitalism are the beginnings of a transition to a more authoritarian system, either fascism or socialism. Both will be a disaster for freedom. Is that transition inevitable? If I look at the voting majority, I would have to say yes, unfortunately.
+ rivetgunner Wrong, capitalism means private control over means of production. This can't be accomplished while the government has the power to adjust interest rates and print money. Also, in a capitalist society where the government doesn't have the power to control the economy they also can't enforce monopolies. To put it simply, the moment the government attains the necessary power to grant monopolies, it's no longer a capitalist society. The thing that inevitably invites socialism is democracy, each new administration gets into power by promising their followers some kind of benefit in order to buy their votes. At the same time they refuse to remove the benefits added by the previous administration as not to anger the people who that bought. This continuous layering of regulations and laws inevitably leads to government control of the economy.....
timi tom Indeed! Democracy itself is a problem. Socrates pointed it out too some 2400 years ago. If the society's leading thinkers knew those two things, they could put it in the constitution. Or there would be restrictions to be put on voters like education(though the government educates). Politicians first and foremost have to be moral and it ties into that:competent in governing. It is hard to scan for those qualities though.
@@timitom6680 Although I'd consider left-leaning this is a diagnosis of escalation I never thought about. Do you have any good article recommendations on that topic, a paper maybe? Why not a book - but as we all know, the pile only grows :)
dude giving up social media was one of the best decisions i've ever made. i was so anxious leading up to deactivating , but once i actually cut the cord i wasn't bored at all, and filled my time with such better things. i automatically felt such a mental uplift instead of the nasty pull and obsessive feeling social media brought to me
^4 people did not like this video. Why? Perhaps they are unable to make their feelings conform to reality. Many people do not like freedom. Possibly because it makes them independent. They have to work to support themselves. This requires energy, both mental and physical. It is easier to wallow in the pathology of low expectations instead of accomplishing something; even if it is for one's own good.
I like the fact whenever the businessmen and politicians start to get uncomfortable and aggressive, Dr. Milton Friedman let's them know that he is a third party (cause does not have experience in politics or business) whose job is to assert opinions that his perspective is valid. He also opens as food for thoughts to those people. He also mentions he does not want to fight with the government where his university colleagues would fill the seats. By saying so, he instantly made them his allies XD. He is purely enjoying this moment.
Friedman won the debate; he really trounced the commie/socialist/Democrat Michael Harrington. I really liked how he handled the environment issue by pointing out that the people are better off when compared to where they would be if New York City were still under horse and buggy transportation --- mounds of manure for a city of millions. Harrington was smart and Friedman had to be on top of his game to catch the commie/socialist fallacies. It was great to see Harrington trounced. Thanks for posting this video.
Werner Roets I am very grateful to the people of the past who fought to keep the freedoms we have but that doesn't make it a privilege, makes it a right that was defended. A right is inalienable, a privilege is something bestowed by people. Freedom is never bestowed. It can be taken away by force or not taken away, that's all. Put it this way, we are free until something tries to impinge that freedom. If something tries to do that we might fight and, if we win, regain our freedom. But we never lose the RIGHT to freedom unless we give it up voluntarily or try to impinge the freedom of others though force.
Milton's thoughts were not his own, they are by fact a basis of thought. People will always act in their own perceived best interest. When people are treated as a group, accepted as a group, they will act as a group. There are no classes in America other then those imposed and subjected to by mongers. All people can better their lot in life through exploration, endeavor, and commitment. In fact this is truly what freedom is. It is written: Life, liberty, and the pursuit of happiness.
Sure it is the free market. 'Free' meaning able to chase profit, especially short term profit, regardless of consequences for the system, or for anyone else, and of course without any accountability. Just look at the 2008 financial crisis and what caused it: Deregulation. 1999 - Glass-Steagall Act is partially repealed allowing banking and underwriting to go together 2004 - SEC2004 increases maximum allowed leverage almost 3 times After these 2 events the markets were freer than ever...
Touche. It was never a free market, nor should be. 'It was never a free market' because the market starts with the Federal Reserve centrally planning the economy. A 80% privately owned for profit corporation with monopoly over the issue of the nation's money, posing as a public government institution. "Nor should it be" because the market cares only about making profit, especially short-term profit, for the capitalized minority, regardless of the systemic, social, and environmental negative consequences of its actions.
+Evil Windmill "'Free' meaning able to chase profit, especially short term profit, regardless of consequences" A situation where the non aggression principle is disregarded is not a free market. "Just look at the 2008 financial crisis and what caused it: Deregulation. " Bullshit. It was artificial "stimulation" and lending incentives/pressure from the state, the opposite of deregulation. "A 80% privately owned for profit corporation with monopoly over the issue of the nation's money, posing as a public government institution. " The federal reserve is as "private" as Amtrak and the Postal Service, i.e., not at all. It exists because of the state, for the state.
Bushrod Rust Johnson You my friend are *full of shit* as anyone with internet access and newbie google skills can verify through basic fact checking. The only point I concede is that the word 'deregulation' was an unfortunate choice on my part. It was both deregulation and regulation, that is *policy* caused the 2008 financial mess. And we all know the market (money) has its saying in what's policy and what's not.
The humility of Friedman is striking. The other folks use a certain cadence and jargon to be appear intellectual. Milton merely intends to convey truth in a direct and clear manner.
One of the best lines i have ever heard from Milton Friedman is " People vote with their feet ". People like to criticize America ( not saying we are perfect) but which country are people risking their lives to try to get into.
So according to Mr. Harrington if the laws that gov't implements don't work, make still more laws to deal with those earlier laws. How can such an educated man propose such nonsense is the real question I suppose.
Because if you're told over and over again that you're brilliant, the more likely you are spew utter bullshit. It's a hilarious phenomenon but it's the truth. Once I learned this and started actually listening to the things people say and the rationale that goes behind it, I've come to the conclusion that this world is completely fucked. There are very few people that I respect at this point in my life because this phenomenon is so pervasive and consistent. It really is wild.
I mean just look at these guys, rich and influential, and they're talking straight nonsense. Sophistry and fallacies galore. It's all a big joke. And Milton had to sit here and entertain these fools that are arguing 2+2=5. Could never be me.
+R_Brandon_ Perez So by your logic, if laws punishing rape prove to be ineffective at ending rape, the solution is to stop making laws against rape? Rather than improving the laws and accepting that governing is a continual process of adapting to the real world? Conservative logic at its finest.
John Miles No law will ever "end" anything. Rape is already illegal and I wouldn't be against making stiffer sentences for being convicted of rape, so calm down my friend. You were right about my "conservative logic" because at least I use logic instead of going off emotion and my feelings and actually think about the issue. Thanks for sharing though...
Democracy and Socialism have nothing in common but one word, equality. But notice the difference:while Democracy seeks equality in Liberty, Socialism seeks equality in restraint and servitude. Alexis De Tocqueville.
Half an hour long discussion between people of opposing views without anyone calling anyone a racist or a nazi or a bigot? What world is this? Does anytime have a time machine?
I have no comment about that; I think you've made a clear point and it's a very complicated subject - but I did just want to say that I admire your approach.
This was terrific. We need the heir of Friedman's legacy to tackle the big government liberals and yes, socialists (heaven help us) on the topics of welfare state, subsidies, bailouts, monetary policy, debt, and regulation. The US government is the most pervasive moral busybody imaginable. Friedman would weep to see how much worse it is since he passed in 06.
Thomas Sowell was a student of Freidman. He carries the torch today. The problem is the modern liberal does not want to debate. They prefer that everyone just agree with them.
Freedom increases happiness and prosperity at the expense of equality. When equality is the goal of a centrally controlled authority, the result is little freedom, no happiness and little prosperity.
54:05, This guy is great...he talks about using "18th century solutions" as inappropriate (that's when our Constitution was written by the way...oops) yet his own politics rely on Marxism...which is 19th century. Politicians are amazingly short-sighted.
Lol, the U.S isn't a direct democracy but a representative democracy, which is also a form of democracy. To be even more precise, it's a *"constitutional federal representative democracy"*.
....The United States of America is a Republic, who's 3-branched government is limited by the Constitution, this is what's known as a 'Constitutional Republic'. ...Democracies rely on popular vote(aka mob-rule). In the USA the sovereign States choose the president, through the electoral-college, because the United STATES of America is a Constitutional Republic. The popular vote means nothing here. We're not a Democracy, you have to forget that term when it comes to the USA. ...Ever hear of the pledge of allegiance? The United States of America is a Republic, get it straight. "I pledge allegiance to the flag of the United States of America, and to the REPUBLIC for which is stands, one nation, under God, indivisible, with liberty and justice for all."
Flabernat Read *"Eugene Volokh"* article on the Washington Post titled, 𝘐𝘴 𝘵𝘩𝘦 𝘜𝘯𝘪𝘵𝘦𝘥 𝘚𝘵𝘢𝘵𝘦𝘴 𝘰𝘧 𝘈𝘮𝘦𝘳𝘪𝘤𝘢 𝘢 𝘳𝘦𝘱𝘶𝘣𝘭𝘪𝘤 𝘰𝘳 𝘢 𝘥𝘦𝘮𝘰𝘤𝘳𝘢𝘤𝘺.I hope it gives you more insight into the whole meaning of what i meant by America being a *"constitutional federal representative democracy"*.
population growth has made housing difficult this is just a matter of demand and supply but not the fault of being capitalistic and what is the source of population growth? the one-way permit which allows almost 55000 immigrants each year (150 a day) from the mainland China for the welfare here in Hong Kong
According to Milton, what is preventing other countries from subsidizing their prices until they gain a huge market share, virtually gain a monopoly, and then raise the prices. Having the existing efficient infrastructure makes it difficult for others to compete with them at that point.
Nothing. It’s not very pragmatic and relies on other countries to ALL adopt the philosophy of “strict” (if you will) free trade to allow for prices to lower and the market to work on a global scale.
I like the way he doesn't want government interefrence but states hat the rubber tree was imported to another country with the "help of the british government". Friedman does like government intereference, he likes the FED to set interest rates and control the money supply and he likes them to quash any legislation to curb anti-monopoly practices or regulation (glass steagle) and he only ever draws comparison with the absolute extreme opposite of a free market, communism
Benjamin Hoog You are correct about Friedman and the Fed but Friedman still advocated for central planning of the money supply. That is the point. That is where Friedman betrays his own free market principals. He didn't argue against central planning of the money supply he argued he had a BETTER way to centrally plan the money supply.....and if he believed in freedom of choice in monetary policy then why did he advocate for Monetarism which is advocating for our current centrally planned economy but in his version of planning?? Such a complicated man. I like his thoughts on everything but Monetary policy. He is not consistent in that area.
"Friedman does like government intereference, he likes the FED to set interest rates and control the money supply ..." No. Friedman is at best a reluctant monetarist. His philosophy is that the Fed shouldn't exist, but since it does, we should at least try to use it *properly*.
Milton Friedman was indeed a genius, who spoke plainly and truthfully. Expand freedom and personal responsibility, reduce government and military - the government which governs best, governs least - Thomas Jefferson. government is not eloquence, it is not reason: it is force, it must be treated like fire and kept a useful servant, or when it spreads out of control it will become our most dangerous master - George Washington
Hong Kong is a fantastic example of the functioning of the free-market. Without the housing regulations which Hong Kong suffers under the Chinese Regime, Hong Kong would be one of the most sustainable and liveable areas in the World.
I'm propably a leftist but I really and truly appreciate this film and it's debate. We need more debates like these nowdays. People from the left and right engaging in intelectual disscussion on the pros and cons of this and that. We need to see the full spectrum.
@CDLibisch You've just made my point for small government. We don't want the control of something the size we've created (big government) to fall into the hands of people we don't trust.
Mises and Ron Paul are very respectful people. One of the reasons Friedman may be more civil is because of his ideology. Friedman was once an advisor to FDR. Rothbard referred to him as the "court libertarian". I think the Chicago school was at this time more mainstream than the Austrian school but in reality it wasn't very classical liberal.
The Dupont guy 30:47 is pro government because the over regulation squelches the smaller competitors. A few minutes later Milton points out that big business will often join with big government if it is in place (fascism).
I wish TV was still like this.
You mean you don't find Miley Cyrus and Beyonce intellectually challenging?
Karozans 😂
Unfortunately this doesn't make money. Free market baby.
no one would watch lol
@@karozans Holy fuck bro, it;s like everyone love KARSDASHIAN and PARIS HILTON dummie
I'm not sure what to think about this.
They're addressing each others points rather than changing topics.
+Consult Keith Young In the later episodes that starts to happen more often especially when his argument is correct in abstract. When in reality they should try to point out what sort of costs that would impose and say it's either a bad trade off or that because it violates the status quo its unlikely to get much popular support.
"Triggering" isn't it? lol
🌎 As long as people continue to see themselves as separate from everything else, they lend themselves to being completely enslaved. Success depends on how well we relate to everything around us. Joy comes from that bliss of connectedness. I believe that unarmed truth and love will have the final word in reality. To love; you should have good heart. I am a good person until I see a person better than my standard of goodness. Being good is the progress towards a worthy cause. Love is God. Whoever lives in love, lives forever. How selfish it is to try to keep something forever? Love is all about nourishing, nurturing, sharing and expanding the love within you for all. The principle to which we adhere to is that we have kindness of love at heart for the whole of mankind. As long as there is the unnecessary differences within us; we can not live peacefully so we have to eliminate all the unnecessary differences among us so we can love all. People abilities may vary but not there true love. If we love a person/ God for a reason then we love the reason but not the person. No reason is the reason to love the person because true love never fails. So do not compare or measure the true love as first or the last but love all truly. If you love people truly then you can understand people. If you don't love then you don't understand people at all.
People are controlled by system why?
The Cyclical Consumption is the current economy all over the World. It is making the scarcity problems of the earth finite resources to deteriorate day by day. Current Monetary System is legalised theft. Real money is Gold and Silver. Scarcity gives the money more value. Real money won't lose it's value. When Governments stay away from Gold & Silver then very easy to transfer the wealth / resources to upper class the Rich (Corporatocracy) Elite. When the Governments are printing out more new fiat currency with reserve banks, our old currency is losing its purchasing power everyday. They are printing millions of currency everyday. All governments and laws are existing right now to transfer wealth to upper class the rich elite. The USA Government & other Governments are in many countries, bailed the investment banks & financial institutions in 2008 against the majority of the people. There is no democracy in any countries. Because of the Money System based on profits motive only above all else even humans lives and well-being. So, we do not have freedom to protect our values with the money so on. The violence, bankruptcy & all the negativities are build into the Monetary System of our society. All are owned (including ourselves) by Reserve Bank. Which is private cartel the corporation. So, in legal system, we are legally considered as chattel the properties. They make money in the capital markets with our birth certificates. They do not consider us as Humans. That's the truth. We are at the invisible war with the Elites (Corporatocracies). We have to fight for our Freedom. Resource Based Economy is the Solution. We have to declare the earth resources as the heritage of all the people of this world. So everyone has access to it. Please have your research about zeitgeist movement then you know the truth more.
Truth About Health/Drugs Industry Because Of It Your Life At High Risk The drug industry is a 1/2 trillion dollars a year worldwide conglomerate. Almost 300 billions dollars just in North America. That is really big business. What would happen if everyone were well? There is no money in health. You see, good health makes a lot of sense but it doesn't make a lot of dollars. Because everything they do is toxic. Every drug they use, prescription drugs, all drugs are liver toxic, bar none. If you've had amalgam fillings put in your mouth by dentists. It is highly toxic. There's cancer because most of the chemos are themselves carcinogens. To view the tumor as the cancer and we know the tumor is not the cancer. The cancer industry is 200 billions dollars a year. The more work they get, the more profit there is. You have to dismantle; If the truth ever came out about what we would need to do. 30% of people of females in America are at risk of getting, will get cancer of the breast. The ones that are already dead have been grossly mistreated by the medical profession and by the government that supposedly is supposed to encourage free research and development of all possibilities. Why would medical doctors who studied medicine and practice medicine and are heavily funded by pharmaceutical companies why would they go and look into vitamins? That they never had the answer orthomolecular. And as more and more of our population start taking their health into their own hands, there's going to be even more and more of changes. It can't go on the way it is. The system is failing apart. We must make nutrition the primary prevention strategy for the population. You are what you eat. You are everything that you have ever done to yourself. The choices you make directly affect the outcome of your life. - (Food Matters Documentary in Netflix)
It's really refreshing to see civil and logical discourse taking place - isn't it? I fear that this is all but a lost art.....
Great isn't it!!
Looking back at the time Hong Kong was free makes me sad about its current state
It was never free while it was a colony. It’s quite romantic to assume they were.
@@JavierEzln94 They were free in some respects and not in others. The people were free in the marketplace thanks to the rules in place but were not so free to change those rules via elections. Of course, if they really wanted that, they could have pressured the local government and therefore the British empire to start the handover to mainland China sooner. But that handover came about from Chinese pressure along with the agreeement that they wouldn't change the rules in Hong Kong too much, the same rules that made them prosperous in the first place.
@@JavierEzln94 from colony to tyranny. Boo hoo.
@@rachgrant8640 from one tyranny to another.
@@JavierEzln94 Please watch 37:37. Milton addressed your comment 41 years ago. It helps to hear someone out. Tough to beat Milton, I don't agree with everything he says, but still, he was quite a guy.
Fascinating debate. Why can't people disagree in a civil manner these days? I disagree with the socialist but he presented his argument in an intelligent and articulate manner without the shrill insults and slurs, coupled with platitudinous appeals to emotion that we see from the Left today.
tbone35453 or being told to shut up and talked over by the Right today
In my experience left wing commentators are more likely to shout, heckle, interrupt and harangue their opponents in political discussion. This is frequently the case in Britain, not sure how it is in the U.S.
tbone35453
ah, yes. I've seen some of those debates. I'm in the U.S. Nobody really gets to get a good word in. Zingers are valued more than comprehensive thought.
Yeah, it would be a good idea to start a movement for a more civilized, respectful form of political discourse in the UK and US media. Unfortunately, less people would tune in to watch it these days.
tbone35453 Same here. It's in the playbook, we call it slick trick #9.
5 people verses Dr Friedman.... that almost makes it fair for the other 5!
Yes! Obviously, on one point. The other is also obvious. In that the "intelligent" man was afforded an education that could lie so well as to convince them that their own accomplishments weren't real. The convinced slowly eat themselves as they explain away every "privilege" they have. Every truth in their eyes, ears and experience is weighed against the lie in their minds and the lie is always true. If not, then everything of worth *in their mind* is false. They worked for knowledge yet know nothing of any value. They are slowly working their way to 0. All that's *left* is submission, acceptance and futility. The individual here is of no importance to the collective. What's left near the end is the desire to set itself apart in order to save its individualism. The focus moves to surface level: Shallow asthestics. Attributes like, gender, sexuality, race, and wealth. It's right back where it started. Eating itself from within. Just as it was programmed to do. What was the term you used? Ignorant? That's fitting I suppose.
Exactly! He was such a badass!
It's hard to even put into words how much I appreciate Milton Friedman.
Well, regarding China and Hong Kong, he was proven completely wrong
@@dragoaus Not really
@@hogbowlbeats just watch this episode, his theory, china will open, and become more like Hong Kong, we see opposite happening.
@@dragoaus Oh sorry, thought you were referring to the state of capitalism and free-markets. My bad
@@hogbowlbeats Capitalism is live and well. He was wrong on notion that prospering economy leeds to citizens demanding personal freedom to, what is not the case, as seen on chinese example, where totalitarian system has completed control over citizens, and even uses tools provided by prospering economy and inovations to actively controls citizens and keeps them in check. Best example are chinese Tech companies, who are used as tools of mass surveillance and censorship.
Also increase of prosperity, has just streingehend chinese trust in the party and totalitarian system (same what happened in Germany when nazis came to power)
Not only did Milton make films in which he outlined his points of view and backed them up with empirical evidence, but he was also willing to confront his critics face to face in an open debate, and almost always get the best of them.
If I'm ever in need of a good laugh, I imagine Michael Moore subjecting himself to this kind of scrutiny in a debate over the films he makes. It would be embarrassing.
Thats because as the scientist he is, he doesnt have to have the mindset to prove his ideology rather than coming to a conclusion after analyzing given facts/conditions etc. so in a discussion, what does a person with such a mindset has to lose? The worst thing happening would be your conclusions proven wrong, but even then you would only benefit.
Thats what bothers me, when discussing topics with other people: most seem to feel personally responsible to prove their ideology rather than seeing it as a refinement of ones ideas.
There is a video of Michael Moore directly asking a question from Milton Freedman as a student about car safety.
Tenebrousable: It's not actually Michael Moore in that video; it's just another nitwit spewing the same kind of garbage -- back in the 1970s -- people like Moore spew today.
The kid is a kind of pre-Michael Moore Michael Moore, but without the camera and film script lies. They've been with us for a long time.
In 1980, Milton Freedman introduced a book and a TV series "free to choose", that explained clearly how the market system, that everyone typically supposed was a chaotic force, would create wealth without any centralized power making it come about. Indeed, he postulated that attempts to create wealth by government commandment actually worked against the general welfare. But what occurred after Milton aired his ideas was perhaps more interesting than the book and TV series. The incoming president, Ronald Reagan, was like minded an actually put a lot of Milton's ideas into play.
The result were the roaring 80s and 90s, a time when fantastic wealth was created, inflation brought to a standstill, and employment so universal that companies actually had to search out and train unemployed because they were becoming scarce. Many people said the computer revolution was actually responsible for this period. Others pointed out that the banking failures and other market problems had their start in this epoch, or that this was the start of a great increase in government debt.
Whatever the effect of Milton's ideas, they are timeless. And they deserve a new reading and watching by new adults today. Before the time of Friedman, people believed in their hearts that wealth could not be created, but was a fixed quantity rooted to the land and owned by those lucky enough to inherit it. Look around you today. Everyone says that they believe wealth can be created, but you can see they don't truly believe it. We have fallen back into the ideas that wealth is immutable, and that the rich are holding it captured away from the rest of us. This is the way of envy, of class warfare, and yes, of socialism.
Here is your antidote. His name was Milton Friedman.
Scott Franco wonderful and insightful comment
Thanks!
wow, what a great comment!
Thank you, time to get to work
But the rich demonstrably do hold wealth captured away from the rest of us. Poor people do not have offshore accounts to park money in. Rather, they circulate the money they do get through the economy because they need to pay for things. This principle is known in economics, the velocity of circulation of money. (Though some who talk about it downplay the absolutely vast amount of currency that a tiny group of wealthy people hoard and remove from economic circulation.)
Have you ever seen a greater debate? A governor, a senator, a businessman, a union guy, and a libertarian.
Couldn't have that today, a bomb threat would be called in.
Friedman was a libertarian, little "l". The true Libertarian economist was Murray Rothbard. He was a true Anarcho-Capitalist.
yes I did, four horseman of the apocalypse including RIP King Christopher Hitchens
ancaps are anarchists : not libertarian ……………………………………………………………………………………………...
@@dsvet Milton Friedman was a pragmatist above all. You can't change society in a day, so friedmen had things he supported like UBI.
I admire Dr. Friedman greatly but I can't help but notice that he had a free lunch at 27:02
Advertisers paid for it.
Lmao
That comment was pure gold ! ahahahahah
congratulations, black friend !
This could be the greatest comment in internet history. Brilliant.
XD
Why is it that I (as a layman) understand every word Milton Friedman is saying but I don't understand a word the others are saying?
fudgedog He knows his words are a product that will be bought when they appeal to and are understood byt the masses. Politicians are like doctors. They talk using the vocabulary that dominates in that profession that they lose the ability to communicate with people outside of those circles.
fudgedog He's making an effort to speak clearly. If his opponents spoke in clear language, their ideas wouldn't sound very good.
A person whose speech makes no sense might be inarticulate, or he might be deliberately obscure because if he let people see what he really meant they'd throw him out into the street.
Old comment but maybe someone will come around. It an idea that if you control speech, you can control pthers ideas, control ideas you control thoughts do this longer enough, multiple generations and you have control over society. Small planned changes over time accomplish this. You can see how speech and definition of words have been changed dramatically over the past decade, but it starts with small changes that the majority complies with. You confuse people by over complicating it, this causes people to give up control over thoughts by thinking less, there are more steps to decipher the true meaning of the language spoken, so eventaully the majority gives up and accepts it. Look at pc culture and how this is done. Look at how theeaning of words like rape, racism, sexism, violence, assualt, all are very serious words that have been changed. New words like microaggressions are added to enhance these new definitions and allow broader, less precise usage while the word itself still holds the same weight in most peoples mind, but can be applied to anyone who you or anyone with malicious intent would like to deface. This leads to more control and develops a system to cull the weeds and to have the masses do it for you. They are losing indivduality and become a group, a cluster of people who believe they are fighting for what us right and just. Those who see through it can easily manipulate the system and push it further. If you need another examole on why those in power intentionally confuse people, look at the federal reserve. Its actually a simple system to basically rob people through inflation and to put that power in just a handful of people. Argueably its one of the most powerful institutions in the world. Why is this allowed? Oh its to complicated, dont even bother to try, just be happy your dollars are worth something. Its bullshit, think for yourself, and try your best to put whatever anyone else says into your own words so you are able to see what they are really saying, dont give up you mind to people hungry for power.
Because that’s his brand. Populism for poorly educated gullible people.
@@blackmail1807 the man advocating freedom is trying to trick the gullible, but those vying for more power over your life and finances are looking out for your best interests? Nice try
Whenever Milton grinns you know it's over for you're side of the argument.
"for you are side of the argument" I don't understand.
+Barbara Nebert sorry I'm just incredibly dumb lol
+firebat724 Seems to me that Barbara is the "dumb" one if she can't understand your sentence because of one typo. Judging by the context you obviously meant 'your'.
he's the ben shapiro of the 70's
"ben-nobody-fucking-shappiro. give me a break . these two are incomparable.
Omg how powerful this man was and still is The Legend Milton Friedman.
wow, that was exciting! I have found my new series to binge on. Intelligent conversation and a debate where people can express an entire thought without being told to shut up.
/mind blown
This video series is more urgent than ever! Someone needs to show this to Klaus Schwab and his cronies!!
So beautiful yet simple, capitalism that is.
Gotta Love Milton Friedman... A man for minimal government, no taxes, and free market. I encourage all you non-believers to read John Locke Second Treatise and Robert Nozick work. The Fundamentals of Libertarian Ideology.
It is truly fascinating to watch this now. Not now as in politically now, but what has happened over time. To listen to Harrington's fretting about globalization, when it has been shown that Milton's ideas were right, to listening to Harrington's solutions, now that many have been enacted and they have results that Milton predicted they would. Corporatism, cronyism, loss of liberty, and decline.
Love these!
One of the main reasons I love Friedman so much is he is unlike most modern day Libertarians. That is, he's extremely respectful and professional and although he's schooling people who aren't making sense at all he still treats them like a human and not an idiot. What a great dude.
Yeah, I wish I had his patience. I can't stand idiots.
Love the way Milton shuts everybody up with facts and logic... the greatest economist of all time !
G'd this brings me back. In 1994 when we arrived from EX USSR, the beauty of cities, the magnificent sky-rises, I would stare at them with awe. The ingenuity, the machinery. I remember my first visit to Safeway with my Aunt who already lived here. We bought some food items and since it was cheap we loaded almost a cart full of the same item. My Aunt asked us why we did that, we said -" Well the store will run out of the item probably because its cheap" My aunt burst out laughing.
I totally agree with this. I also believe that a lot of that attitude and delivery has to do with being a teacher/educator for so many years. You learn to teach the student by instilling your knowledge on them without tearing them down, but building up their confidence in the teacher and in themselves. It takes a special person to be able to do that. M.Friedman definitely had it in spades. Think about the teachers that made a big difference in your lives, they probably had it too...
Interestingly, I learned of this 10 part series from an interview with the host, Milton Friedman, on an episode of Phil Donahue's old TV show. It originally ran on PBS in 1980. Donahue is a liberal icon & PBS is often demonized as an extravagant waste of money, gouged unwillingly from taxpayers. But never mind all that. It's an interesting series, as is the ironic history of the program & how I became aware of it. In the final analysis, I suppose it all comes down to whose version of nirvana one buys into - that of the Right or that of the Left. Personally, I'm glad for this program, Donahue, PBS, RUclips & for you, for taking the time to read this comment. Have a nice day!
PBS wouldn’t be caught dead airing this today
15:49, if you're looking for the lead pencil analogy.
"Human and political freedom has never existed and cannot exist without a large measure of economic freedom. Those of us who have been so fortunate as to have been born in a free society tend to take freedom for granted __ to regard it as the natural state of mankind __ it is not. It is a rare and precious thing. Most people throughout history, most people today have lived in conditions of tyranny and misery, not of freedom and prosperity. The clearest demonstration of how much people value freedom is the way they vote with their feet when they have no other way to vote."
People hate the ideology of freedom, because it removes power from their hands.
I believe the idea of freedom is very deceiving to people. As human we constantly ask for freedom , yet we don't know what we're going to do with it in case we ear it. the day a person born s/he meets the family. this the first step which I believe plants the idea to live with others and do things with others. the fisrt moment we came to this world we need other people we can't live alone. therefore, if we cannot bear living alone, how can ask for freedom
+Eric Cartmenta I disagree with your analogy because one of the duties parents (family) have, among other things, is to prepare their offspring on how get by on their own once they reach adulthood, which involves independence and therefore freedom.
Eric Cartmenta what you are describing is a society. You're saying a society can't exist if there's too much freedom?
Capitalism ALWAYS leads to an oligarchy. Every. Time.
how? An onligarchy can only come into power if they have the ability to adjust the law to root out their competition. This requires the government to have the power to do that. In a capitalist society, in which the government is separated from the economy that power does not exist. This means that a socialist system has to already be in place for such a thing to come into materialise....
It's apparent from these comments that the free exchange in these dialogues is really refreshing to people who already strongly agree with Friedman about everything.
And also to some people who were persuaded by this series that capitalism will always be better than socialism. Exhibit A: yours truly.
Ocasio Cortez and her followers should see this
I feel like she would be hopelessly lost.
Learn the difference between your and you’re. Apparently you just absorb the lefts socialist manifesto. And yes, the air is, in fact, cleaner than 100 years ago. You’re so dumb.
@@moteingodseye Tactical protocol following the Mozambique drill suggest two the body, and one to the head are sufficient to put down close quarters assailants. Your aggressive ascension of this technique to three point blank head shots may not be universally necessary, but here it demonstrates impressive effectiveness.
Oh ! Greedy bastard you still think highly of Friedman .
Well, they're here. You need to know your enemies ;)
i am 65 years old and just found this series. FINALLY a good education tool on freedom of the individual and freedom of the market place.
freedom can only exists when it belongs to nobody and that is because it belongs to everybody. free market and decentralization are the answer.
Yes!
Or just be rich and you can buy it.
beautiful truth
Money buys freedom! Yes! and you earn money by being a productive person! individuals that become rich by making good choices are able to buy freedom! Ill play along with the freedom game. it sounds fair and just.
Thats the cute way to say that since we are borned, we are predestinated to fill someones job and keep the same or even more level of productivity. Being conscious about the arithmetical progression of the growth in survival resources , in the malthusian perpective, and taking care about the geometrical progression of the human growth, its quite funny to say nowadays that we achive freedom by our own choices.
Saddening to think of how far political discourse has fallen since these days. RIP, Dr. Friedman. There will never be another one like him.
When you say class struggle you know nothing else of value comes out of their mouth.
Couldn't agree more man. A world of abundance; freeing the entirety of humanity to the fullest extent would be the pinnacle in my eyes.
College campus could not host this debate today, it would trigger to many shouting lift wing students and so-called professors. We seem to be more interested in identity politics than factual debates, and we know all this type of capitalism is a tool of the “patriarchy”. What has happened to us, we are regarding not progressing.
Listening to Milton Friedman gives me a feeling of euphoria. Finally hearing everything you have ever wondered about explained very clearly. His explanation of the very, very simple forces that create such incomprehenisble, complex manners of interaction is so statisfying to hear. Much more statisfying than most economist one hears today, that talk very, very complex ways of government interference to deal with these incomprehensible, complex manners of interaction.
it makes me sick when I hear a politician demand more government is needed to sustain the economic climate. Friedman gently describes how free-markets have shaped the world into its best condition, in all parts of the world. Then a politician makes all kinds of crony counter-arguments in favor of taking away people's freedoms and earnings to fill his own pockets, because he's supposed to "come in and save the day for the less fortunate".
I respect the peaceful debate taking place, but I still have zero respect for these crony socialist politicians, regardless of the times they existed.
I am so in love with Milton. A plain speaker, a good mind, a pleasant attitude and really rather cute to boot. God bless him.
Harrington mixes up the difference between a true free-enterprise system and a crony manipulated economy created by the policies he proposes and the collusion of big government with big industrialists. He makes Friedman's case without even realizing it.
That's like saying USSR wasn't a socialist entity because the nation didn't practice "real" socialism. Crony capitalism, or corporatism if you will, is capitalism in practice, in full-blown form. You will never see any pie-in-the-sky textbook case of capitalism in reality. And in reality, capitalism in its nature inevitably becomes a state-sanctioned monopoly whether you like it or not.
+rivetgunner I think you are onto something. Crony capitalism is the evil perversion of capitalism. They are not the same thing as +Brandon Grinberg pointed out. What we are witnessing with the ever increasing state interference with the free markets aka crony capitalism are the beginnings of a transition to a more authoritarian system, either fascism or socialism. Both will be a disaster for freedom. Is that transition inevitable? If I look at the voting majority, I would have to say yes, unfortunately.
+ rivetgunner Wrong, capitalism means private control over means of production. This can't be accomplished while the government has the power to adjust interest rates and print money. Also, in a capitalist society where the government doesn't have the power to control the economy they also can't enforce monopolies.
To put it simply, the moment the government attains the necessary power to grant monopolies, it's no longer a capitalist society.
The thing that inevitably invites socialism is democracy, each new administration gets into power by promising their followers some kind of benefit in order to buy their votes. At the same time they refuse to remove the benefits added by the previous administration as not to anger the people who that bought. This continuous layering of regulations and laws inevitably leads to government control of the economy.....
timi tom Indeed! Democracy itself is a problem. Socrates pointed it out too some 2400 years ago. If the society's leading thinkers knew those two things, they could put it in the constitution. Or there would be restrictions to be put on voters like education(though the government educates). Politicians first and foremost have to be moral and it ties into that:competent in governing. It is hard to scan for those qualities though.
@@timitom6680 Although I'd consider left-leaning this is a diagnosis of escalation I never thought about. Do you have any good article recommendations on that topic, a paper maybe? Why not a book - but as we all know, the pile only grows :)
dude giving up social media was one of the best decisions i've ever made. i was so anxious leading up to deactivating , but once i actually cut the cord i wasn't bored at all, and filled my time with such better things. i automatically felt such a mental uplift instead of the nasty pull and obsessive feeling social media brought to me
Capitalism is the system that encourages people to improve their own lives by satisfying the needs of others. What could possibly be better?
Absoloutjy one of the greatest philosophers of the 20th century. Freedom > anti freedom.
^4 people did not like this video. Why? Perhaps they are unable to make their feelings conform to reality. Many people do not like freedom. Possibly because it makes them independent. They have to work to support themselves. This requires energy, both mental and physical. It is easier to wallow in the pathology of low expectations instead of accomplishing something; even if it is for one's own good.
This should be shown in schools. I haven’t watched this type of documentaries in a long time
I wonder how many US-college-educated Millennials have even heard of Milton Friedman. I'll bet there are even econ graduates who have not.
asked my economics teacher in HS if he knew who Friedman is. He didn't know.
+nick lacerte Christ, that IS depressing!
I am an Econ student, and I took a class that required me to buy Capitalism and Freedom, and The Road to Serfdom
Where is that bro? Good for you
Juan Pablo Morbelli Marshall University
I like the fact whenever the businessmen and politicians start to get uncomfortable and aggressive, Dr. Milton Friedman let's them know that he is a third party (cause does not have experience in politics or business) whose job is to assert opinions that his perspective is valid. He also opens as food for thoughts to those people.
He also mentions he does not want to fight with the government where his university colleagues would fill the seats. By saying so, he instantly made them his allies XD. He is purely enjoying this moment.
26:58 'We don't charge you! Have a free lunch!' Haha, that is definitely an easter egg!
These debates are awesome. Regardless of the side you're on.
27:00 Milton Friedman indulging in a "Free Lunch"... This is priceless lol
I wouldn't call that a lunch...
@narindraramanankasaina2545 Yeah but MF did. Watch it again lol
Friedman won the debate; he really trounced the commie/socialist/Democrat Michael Harrington. I really liked how he handled the environment issue by pointing out that the people are better off when compared to where they would be if New York City were still under horse and buggy transportation --- mounds of manure for a city of millions. Harrington was smart and Friedman had to be on top of his game to catch the commie/socialist fallacies. It was great to see Harrington trounced. Thanks for posting this video.
This is the counter to John Galbraith's "age of uncertainty" tv series produced in the late 70s.
Is it even on RUclips?
that was retarded.
These guys weren't politicians. These guys were smart.
25:03 "You know where these eggs are from? Right from the chicken's assssssssk me no questions."
Thank God Trump became President 🇺🇸❤️💯
so one side wants freedom with privileges and the other wants to make freedom itself a privilege.
***** Interesting comparison. :)
+TheRatesMusic Freedom is a privilege. In WW2 millions of people lost their lives to protect the free way of life we enjoy today.
Werner Roets I am very grateful to the people of the past who fought to keep the freedoms we have but that doesn't make it a privilege, makes it a right that was defended.
A right is inalienable, a privilege is something bestowed by people. Freedom is never bestowed. It can be taken away by force or not taken away, that's all.
Put it this way, we are free until something tries to impinge that freedom. If something tries to do that we might fight and, if we win, regain our freedom. But we never lose the RIGHT to freedom unless we give it up voluntarily or try to impinge the freedom of others though force.
Milton's thoughts were not his own, they are by fact a basis of thought. People will always act in their own perceived best interest. When people are treated as a group, accepted as a group, they will act as a group. There are no classes in America other then those imposed and subjected to by mongers. All people can better their lot in life through exploration, endeavor, and commitment. In fact this is truly what freedom is. It is written: Life, liberty, and the pursuit of happiness.
Boom, Bust, and Bail Me Out! - That's the power of the Free Market.
Jurassic Pork The Bail me out part is not the free market.
Sure it is the free market. 'Free' meaning able to chase profit, especially short term profit, regardless of consequences for the system, or for anyone else, and of course without any accountability.
Just look at the 2008 financial crisis and what caused it: Deregulation.
1999 - Glass-Steagall Act is partially repealed allowing banking and underwriting to go together
2004 - SEC2004 increases maximum allowed leverage almost 3 times
After these 2 events the markets were freer than ever...
Touche. It was never a free market, nor should be.
'It was never a free market' because the market starts with the Federal Reserve centrally planning the economy. A 80% privately owned for profit corporation with monopoly over the issue of the nation's money, posing as a public government institution.
"Nor should it be" because the market cares only about making profit, especially short-term profit, for the capitalized minority, regardless of the systemic, social, and environmental negative consequences of its actions.
+Evil Windmill "'Free' meaning able to chase profit, especially short term profit, regardless of consequences"
A situation where the non aggression principle is disregarded is not a free market.
"Just look at the 2008 financial crisis and what caused it: Deregulation. "
Bullshit. It was artificial "stimulation" and lending incentives/pressure from the state, the opposite of deregulation.
"A 80% privately owned for profit corporation with monopoly over the
issue of the nation's money, posing as a public government institution.
"
The federal reserve is as "private" as Amtrak and the Postal Service, i.e., not at all. It exists because of the state, for the state.
Bushrod Rust Johnson You my friend are *full of shit* as anyone with internet access and newbie google skills can verify through basic fact checking.
The only point I concede is that the word 'deregulation' was an unfortunate choice on my part. It was both deregulation and regulation, that is *policy* caused the 2008 financial mess. And we all know the market (money) has its saying in what's policy and what's not.
Nice to see you're actually addressing my point rather than just dogmatically assuming you're right and dismissing me as a "troll"
Michael Harrington's head was nearly to self destruct
The humility of Friedman is striking. The other folks use a certain cadence and jargon to be appear intellectual. Milton merely intends to convey truth in a direct and clear manner.
That intro was epic
Yup, it was!
One of the best lines i have ever heard from Milton Friedman is " People vote with their feet ". People like to criticize America ( not saying we are perfect) but which country are people risking their lives to try to get into.
So according to Mr. Harrington if the laws that gov't implements don't work, make still more laws to deal with those earlier laws. How can such an educated man propose such nonsense is the real question I suppose.
+R. Brandon Perez He is aiming for the Rube Goldberg prize for economics.
Because if you're told over and over again that you're brilliant, the more likely you are spew utter bullshit.
It's a hilarious phenomenon but it's the truth.
Once I learned this and started actually listening to the things people say and the rationale that goes behind it, I've come to the conclusion that this world is completely fucked.
There are very few people that I respect at this point in my life because this phenomenon is so pervasive and consistent.
It really is wild.
I mean just look at these guys, rich and influential, and they're talking straight nonsense.
Sophistry and fallacies galore.
It's all a big joke.
And Milton had to sit here and entertain these fools that are arguing 2+2=5.
Could never be me.
+R_Brandon_ Perez So by your logic, if laws punishing rape prove to be ineffective at ending rape, the solution is to stop making laws against rape? Rather than improving the laws and accepting that governing is a continual process of adapting to the real world?
Conservative logic at its finest.
John Miles No law will ever "end" anything. Rape is already illegal and I wouldn't be against making stiffer sentences for being convicted of rape, so calm down my friend. You were right about my "conservative logic" because at least I use logic instead of going off emotion and my feelings and actually think about the issue. Thanks for sharing though...
Democracy and Socialism have nothing in common but one word, equality. But notice the difference:while Democracy seeks equality in Liberty, Socialism seeks equality in restraint and servitude. Alexis De Tocqueville.
Half an hour long discussion between people of opposing views without anyone calling anyone a racist or a nazi or a bigot? What world is this? Does anytime have a time machine?
That's what RUclips comment sections are for.
I have no comment about that; I think you've made a clear point and it's a very complicated subject - but I did just want to say that I admire your approach.
Michael Harrington quotes Marx. I feel like I'm being trolled.
So you're incapable of dealing with quotations from one of the most important thinkers in history?
RatatRatR HAHAHAHAHA
So beautiful I almost teared up.
This was terrific. We need the heir of Friedman's legacy to tackle the big government liberals and yes, socialists (heaven help us) on the topics of welfare state, subsidies, bailouts, monetary policy, debt, and regulation. The US government is the most pervasive moral busybody imaginable. Friedman would weep to see how much worse it is since he passed in 06.
Thomas Sowell was a student of Freidman. He carries the torch today. The problem is the modern liberal does not want to debate. They prefer that everyone just agree with them.
Freedom increases happiness and prosperity at the expense of equality. When equality is the goal of a centrally controlled authority, the result is little freedom, no happiness and little prosperity.
Michael Harrington got owned.
Nice little wink at 27:07, with Milton Friedman eating something described as a 'free lunch'.
I bet he did that to deliberately troll his opponents.
If these people arguing against him had true intelligence and open minds, they all would have walked away converts.
Mind blown! People having real debate! I didn’t think it possible
Snowflakes couldn't handle Milton Friedman today. Brilliant man. One of my hero's.
I love this. Thanks for uploading.
54:05, This guy is great...he talks about using "18th century solutions" as inappropriate (that's when our Constitution was written by the way...oops) yet his own politics rely on Marxism...which is 19th century. Politicians are amazingly short-sighted.
your comment is fallacious
I just read Free to Choose. Everyone should read it. It will change your life.
I hate when people call the USA a "democracy".... no we're not. We're a Constitutional Republic, get it straight.
It usually exposes their political orientations
Lol, the U.S isn't a direct democracy but a representative democracy, which is also a form of democracy. To be even more precise, it's a *"constitutional federal representative democracy"*.
....The United States of America is a Republic, who's 3-branched government is limited by the Constitution, this is what's known as a 'Constitutional Republic'.
...Democracies rely on popular vote(aka mob-rule). In the USA the sovereign States choose the president, through the electoral-college, because the United STATES of America is a Constitutional Republic. The popular vote means nothing here. We're not a Democracy, you have to forget that term when it comes to the USA.
...Ever hear of the pledge of allegiance? The United States of America is a Republic, get it straight.
"I pledge allegiance to the flag of the United States of America, and to the REPUBLIC for which is stands, one nation, under God, indivisible, with liberty and justice for all."
Flabernat Read *"Eugene Volokh"* article on the Washington Post titled, 𝘐𝘴 𝘵𝘩𝘦 𝘜𝘯𝘪𝘵𝘦𝘥 𝘚𝘵𝘢𝘵𝘦𝘴 𝘰𝘧 𝘈𝘮𝘦𝘳𝘪𝘤𝘢 𝘢 𝘳𝘦𝘱𝘶𝘣𝘭𝘪𝘤 𝘰𝘳 𝘢 𝘥𝘦𝘮𝘰𝘤𝘳𝘢𝘤𝘺.I hope it gives you more insight into the whole meaning of what i meant by America being a *"constitutional federal representative democracy"*.
Yusuf Omar Never heard of him. My sources are the founding fathers... But what do they know compared to Eugene Volokh?
Will I learn a lot about economics by watching this series?
Hong kong is so capitalist, its legal to rent a closet as a residence. lol
population growth has made housing difficult this is just a matter of demand and supply but not the fault of being capitalistic and what is the source of population growth? the one-way permit which allows almost 55000 immigrants each year (150 a day) from the mainland China for the welfare here in Hong Kong
why would it be illegal? Nobody is forcing anyone to live in it.
@@sebl9838 Everyone's free to be homeless, in other words.
According to Milton, what is preventing other countries from subsidizing their prices until they gain a huge market share, virtually gain a monopoly, and then raise the prices. Having the existing efficient infrastructure makes it difficult for others to compete with them at that point.
Nothing. It’s not very pragmatic and relies on other countries to ALL adopt the philosophy of “strict” (if you will) free trade to allow for prices to lower and the market to work on a global scale.
I like the way he doesn't want government interefrence but states hat the rubber tree was imported to another country with the "help of the british government". Friedman does like government intereference, he likes the FED to set interest rates and control the money supply and he likes them to quash any legislation to curb anti-monopoly practices or regulation (glass steagle) and he only ever draws comparison with the absolute extreme opposite of a free market, communism
Obviously you don't know history or Friedman. He wanted to disband the fed, he blamed the fed for the great depression.
Benjamin Hoog
You are correct about Friedman and the Fed but Friedman still advocated for central planning of the money supply. That is the point. That is where Friedman betrays his own free market principals. He didn't argue against central planning of the money supply he argued he had a BETTER way to centrally plan the money supply.....and if he believed in freedom of choice in monetary policy then why did he advocate for Monetarism which is advocating for our current centrally planned economy but in his version of planning?? Such a complicated man. I like his thoughts on everything but Monetary policy. He is not consistent in that area.
"Friedman does like government intereference, he likes the FED to set interest rates and control the money supply ..."
No. Friedman is at best a reluctant monetarist. His philosophy is that the Fed shouldn't exist, but since it does, we should at least try to use it *properly*.
It is just fantastic watching ol' Milty crush these plebs :D Ty for all thse videos.
One of America's greatest.
Amazing series of films by Milton Friedman
God bless you for uploading these!!!!! Awesome!
Milton Friedman was indeed a genius, who spoke plainly and truthfully. Expand freedom and personal responsibility, reduce government and military - the government which governs best, governs least - Thomas Jefferson. government is not eloquence, it is not reason: it is force, it must be treated like fire and kept a useful servant, or when it spreads out of control it will become our most dangerous master - George Washington
enlightenment in it's purest form
Halfway through the debate I realized this is just the Council of Elrond circa 1980
Sometimes it can be frustrating arguing with people who think violence is virtuous... But yeah, I also like his attitude.
I wish we have this kind of debate in our politicians today and then televise it on TV.
Hong Kong is a fantastic example of the functioning of the free-market. Without the housing regulations which Hong Kong suffers under the Chinese Regime, Hong Kong would be one of the most sustainable and liveable areas in the World.
We are all free to choose.
Milton is a genius, we should have a Milton Friedman nowadays.
I'm propably a leftist but I really and truly appreciate this film and it's debate. We need more debates like these nowdays. People from the left and right engaging in intelectual disscussion on the pros and cons of this and that. We need to see the full spectrum.
Labour leaders were not forced into accepting child labour laws, it was already slowly fading out, the government was just piggybacking on that trend.
@CDLibisch You've just made my point for small government. We don't want the control of something the size we've created (big government) to fall into the hands of people we don't trust.
Good old uncle milty
Mises and Ron Paul are very respectful people. One of the reasons Friedman may be more civil is because of his ideology. Friedman was once an advisor to FDR. Rothbard referred to him as the "court libertarian". I think the Chicago school was at this time more mainstream than the Austrian school but in reality it wasn't very classical liberal.
damn that was some good television
The Dupont guy 30:47 is pro government because the over regulation squelches the smaller competitors. A few minutes later Milton points out that big business will often join with big government if it is in place (fascism).