Milton Friedman and FreeMarket Capitalism
Date Submitted: 09/17/2003 21:08:40
Category: / Law & Government / Government & Politics
Length: 5 pages (1238 words)
Category: / Law & Government / Government & Politics
Length: 5 pages (1238 words)
Milton Friedman and Free-Market Capitalism
Milton Friedman is known worldwide for his belief in defending free-market capitalism and his faith that it can proficiently and impartially distribute wealth throughout a nation. Most of Friedman’s peers are not able to put that same amount of confidence in the ability of the market as he. Friedman has suspicions of government interference in the business of a nation’s economy. These suspicions are based on his belief
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providing essentials and other needs, and the other is with a big government taking care of all of the needs of its people.
The drastic uneven distribution of wealth and opportunity is the main worry of the economist. This is the main reason for governmental intervention in economics. The government believes that only through its intervention will the distribution of wealth and opportunity be evened out so that every person will be able to succeed.
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