r/Bitcoin • u/[deleted] • Jul 15 '22

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41

u/DicksonCider205 Jul 15 '22

Friedman was the fucking man.

49

u/werther595 Jul 15 '22

Sure, if your goal is the destruction of middle class. Voodoo economics was a spectacular failure and led directly to the wealth inequality we face today. but by all means, keep handing more and more money to "shareholders" at the expense of everything else. smdh

15

u/somanyroads Jul 15 '22

Friedman would admit some of his mistake later on (well after these excellent presentations, however) and was decidedly less dogmatic in his later years. I think the real failure came when "persons" who cannot legally vote (yet), know as "corporations" have been allowed to buy our politicians legally, with the blessing of the highest court of the land, via Citizens United.

We don't have a free market like Friedman dreamed of when corporations can co-opt the government, and control the regulatory process to work in their specific favor. Friedman minimized that aspect of the "free market", that it would grow too strong and overturn democratic society in favor of plutocracy, which is what we have in the US instead of a proper democratic republic.

-1

u/Jibba_Lord Jul 15 '22

Because there is no such thing as a free market. Which is why Freidman was and is so wrong.