Socialism vs Capitalism (Milton Friedman)

The debate over whether socialism or capitalism leads to better outcomes continues to this day. Milton Friedman argued that it was critical to look at each system’s results instead of focusing on the intentions behind them. While proponents of socialism make their appeals based on social justice and equality, the truth is that social injustices are the greatest under socialist regimes.

 

 

 

*originally published March 27, 2020

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