Another great talk given my Milton Friedman. What are the results of various systems of government? This talk was given before socialism/communism in the USSR (Union of Soviet Socialist Republics) had failed. 45 minutes.
Although not mentioned in the talk, it is also interesting to mention another failed socialist government. The NAZI party (NAZI translated from German is National Socialism) Socialism is used to gain control, complete central control of peoples, it seems so sweet at the onset, however it eliminates liberty and forces participation. To the hopeful central controllers, more important than what your day to day decisions are is who gets to decide. We are suffering from intrusions into every step of American life, how much water your toilet uses, which shower head you choose, and on and on, all for the “greater good”. Certainly, I am not saying Americans in favor of Socialism are Communists or Nazis, what I am saying is the peoples of Russia, Germany, Greece, Cambodia (Pol Pot) were entrapped by socialist ideals and all ended in failure. Literate Americans have the benefit of history in order to determine what is at the end of the socialists anti-capitalist path. We have the option of rejecting these failed ideals and avoiding the poverty and despair of Cuba, Russia, Germany and so many others. Some Americans make the argument that we can ignore history, that we never tried it fully and that’s why it will work for us, we are American’s after all. It seems a little aloof to consider oneself above history doesn’t it? One thing leads to another and so on, it is historic and undisputable, where it happens, it fails with sad results for everyone (except the ruling class).
Listen to Milton Friedman, he saw this in his own time. I wonder if he could have imagined we would have slipped so far by now? I think the answer is yes, he did imagine it, that is why he was giving these talks and warnings, trying to stem the tide of poverty and failure in socialist systems where the equality is sought and always achieved to an equal level of poverty for all of us.