Milton Friedman on Hayek's 'Road to Serfdom; 1994 Interview 1 of 2 Socialism Debunked!

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Milton Friedman discussed F.A. Hayek's book, The Road to Serfdom. Professor Friedman, who wrote the introduction to the 50th anniversary edition of the book, described its effect on the ever-changing political and social climates of the twentieth century. He discussed the book's influence on the rise of socialism after World War II, the Reagan and Thatcher administrations in the 1980s, and the shift in Eastern Europe from communism to capitalism in the 1990s.

[sapatomaluco]

How come this precious gem video from 2012, now 7 years old, only have 130 likes?

[arc]

Milton Friedman, a true giant. A champion of individual freedom and liberty & the greatest economist of the 20th century.

[colbykuzontkoski]

The Great Depression was not a failure of capitalism, nor was it worldwide, it was the result of a failure of Government.

[nuagor]

You are assuming the thing you are trying to prove: it was not capitalism that failed. Unless you have a different definition of capitalism? Regardless, his point stands that our major problems are social, not economic. The point about the socialization of education is particularly telling.

[kimmyfoxworth]

Definitely more than "more than half" today 😂

[nuagor]

/watch?v=L478SB2uoOM There's way too much regulation, and it's the most American thing I can imagine to question it vigorously.

[ivancsapod]

14:16 - Because the banking cartell tells me to do so...

[maxstella]

Great answers but very ordinary questions

[checosa]

i don't understand why he says that "everybody condemn socialism, and yet in practice we moving down the socialist road", then he keep repeating he want people free and to let people do what they want...
if people would be free to do what they want then why not let them have socialism?
isn't this a bit contradicting in all he says?
to me it seems exactly like a totalitarian system, where he decide that liberty and being free is the most important thing to do, but yet in actuallity he doesn't want people to be free to choose (socialism).


i don't know maaaan...

for me to have a free society would be to ket peope decide whatever they want and who doesn't want that system just let them leave the country, that would be a free society.

[ClearerThanMud]

Wow, what a clumsy interview -- a bunch of simple, largely disjoint questions. I love listening to MF's wisdom, but that interviewer is not my favorite!

[dantean]

Milton, was 1928 really the golden age (17:30m)?! I'm thinking that the New Deal wasn't simply thought up in 1932 but was a response--whether or not you think it a good one--to the capitalism's worldwide catastrophe of 1929.

[_Triangularity]

21:15 His whole career was enabled by a government handout 🤣🤣 Its human nature to fight hard to get passed the gate. Then once you’re through, turn around and lock it

[liberumx]

Milton Friedman is without a doubt the Paramount of Freedom. I say is because his teachings are immortal.

[adliberate]

The reason we still move towards socialism is that we all realise we are equal in essence. We still need to realise we know as little as anyone else. Must say that in 1928 there were a lot less people. Increased population has caused many social problems, but what do I know?

[dantean]

What is it you're saying that I have assumed? Tell me, then we'll both know. Furthermore, the idea that life is worse than when one was a boy is ludicrously common among people (tho not all) the further they are from the care-free days of youth. Do YOU wish this were 1928? You probably wish instead that the wonderful, wonderful years when u were between ages 1 and 21 could come roaring back. Unless u were born in 1907 the year 1928 probably doesn't represent the height of human happiness to you.

[petermanski]

Replace "State" with unelected "Private Corporation" and we have the same thing!

[dantean]

I can't choose to become a lawyer!? (12:30m) Since when?! I may be forced to pass a qualifying exam, but how has that stopped a percentage of aspirants significant enough to justify what amounts here to an existential claim of the absolute loss of (a) freedom? Plus, can't I defend myself in court if I so choose? Not recommended, but permitted. The libertarian claim to be protecting us from slavery (or "serfdom) is passionately felt but poorly defended, invariably. Here and in Hayek.

[АлександрРусаков-вс]

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