Why Capitalism Is A Myth!

Posted: 6/29/2020

Just take the public education of our children in Western countries as an example. Attendance is compulsory and enforced by the government under penalty or fines if not worse. Home schooling of children is e.g. prohibited in Germany. Private run schools for children are fairly rare and regrettably unaffordable to many parents.

This tight and expansive government control of the education of our children is irreconcilable with free market capitalism and a constitution conceived in individual liberty! Most parents would voluntarily and freely make every effort to get their children the best education possible. Free markets and private charity would provide plenty of education opportunities for our children! In the age of the Internet, the almost exclusive authority of the government on the education of our children is not justified at all anymore!

It is high time to largely privatize the education of our children and let parents and older children make their choices about the education of children.

Milton Friedman At 100 Years

Wish You Were Here

Where is the Milton Friedman of our days? Please come forward!

Economic Lessons For Everyone

A few days ago, I had the pleasure to watch Milton Friedman on the Donahue show in 1979 on YouTube. Incredible, how Friedman explained economics in simple terms to everyday people on TV. It was fascinating to see how he passionately engaged with individuals of the audience. He certainly was not a man of the Ivory Tower like so many other economists.

We The People

He understood well that you need to try to convince the common people that free markets and individual liberty are in all our best interest for a better life.

A Very Readable Article

Stephen Moore of the Wall Street Journal wrote an excellent article on the occasion of Milton Friedman’s 100^th birthday titled “The Man Who Saved Capitalism” which was published on 7/31/2012 on the Opinion page.