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Milton Friedman on Capitalism and socialism

Believers in aristocracy and socialism share a faith in centralized rule, in rule by command rather than by voluntary cooperation.
Free to Choose
Book, 1980, Ch. 4 “Cradle to Grave”, p. 97
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  1. Europeans have a much higher average income than Africans in the market sector—perhaps in the ratio of as much as 10 to 1. But Africans in the market sector have a much higher average income than their fellows in the traditional sector—in about the same ratio. Both Europeans and Africans have benefited from their cooperation.
    Rhodesia
    Column, 1976, Newsweek, May 3, 1976; reprinted in the Congressional Record, Extensions of Remarks, April 29, 1976, pp. 11979 to 11980, introduced by Representative John Ashbrook of Ohio, who gives it as “an excellent article on Rhodesia by Milton Friedman, which appeared in the May 3 edition of Newsweek”, Congressional Record, April 29, 1976, p. 11979
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  2. It is a mystery why anyone would suppose that a person is better off unemployed at $2 an hour than voluntarily employed at $1.60.
    Legislating Unemployment
    Column, 1972, Newsweek (1972; the issue current on June 28, 1972); reprinted in full in the Congressional Record, Extensions of Remarks, June 28, 1972, p. 23100, Congressional Record, June 28, 1972, p. 23100
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  3. By relying primarily on voluntary co-operation and private enterprise, in both economic and other activities, we can insure that the private sector is a check on the powers of the governmental sector and an effective protection of freedom of speech, of religion, and of thought.
    Capitalism and Freedom
    Book, 1962, Introduction, p. 3
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