Milton Friedman’s Epic Breakdown of Socialism vs. Capitalism

Milton Friedman and Phil Donahue On Socialism v. Capitalism 1979

Donahue just got schooled! Milton Friedman is correct. Greed is not just a capitalistic problem, it’s not just a socialistic problem—it’s a human problem. It’s affects not just corporations but unions and gov’ts alike. Gov’t can’t make people virtuous—they have to do that themselves. Talking about virtue and gov’ts, political philosopher Montesquieu thought that democratic republics rely on the principle of virtue. Montesquieu’s idea of virtue is “it is a love of the republic.” He goes on:

A love of the republic in a democracy is a love of the democracy; as the latter is that of equality.

A love of the democracy is likewise that of frugality. Since every individual ought here to enjoy the same happiness and the same advantages, they should consequently taste the same pleasures and form the same hopes, which cannot be expected but from a general frugality.

Sort of sounds like he is talking about patriotism. As for the frugal part I wish America was frugal again especially the lawmakers. But I digress.

Like it says in Timothy 6:10:

For the love of [my emphasis] money is a root of all evils, by means of which some having lusted after it were seduced from the faith, and they themselves pierced through by many pains.

I emphasized “love” because some people leave out the “the love of” part. Money is neither good nor bad. Just as power is neither good nor bad. But the love of power is bad. Which is actually worse in my opinion. But some powers-that-be in the past and present think nothing of wanting more power. Like they are entitled to it. 

Then there is Jesus saying about a rich man entering heaven in Matthew 19:24:

And again I say to you, It is easier for a heavy rope to pass through a needle's eye, than for a rich man to enter the kingdom of God.

Some say this means that the rich never get to heaven. No! This is an incorrect interpretation. Jesus is saying you can’t buy your way into heaven. God doesn’t care what you own but who you are. The powerful may never get to heaven either.

H/T: Glenn Beck.com.