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Why Capitalism Is Bad For Fascism
Submitted by Karlsackett from Google Reader
Aug 20, 2009


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Why Capitalism Is Bad For Fascism

Rose Friedman, wife of the late Milton Friedman, wrote with him in their 1980 book, Free to Choose (haven't read it -- ordering it now). I do recommend a book I have read, and have out right here in my living room, the Milton Friedman intro'd version of Hayek's The Road to Serfdom. But, finally, that quote, from Rose Friedman, who died this week:



Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised. In addition, by dispersing power, the free market provides an offset to whatever concentration of political power may arise. The combination of economic and political power in the same hands is a sure recipe for tyranny.

The combination of economic and political freedom produced a golden age in both Great Britain and the United States in the nineteenth century. The United States prospered even more than Britain. It started with a clean slate: fewer vestiges of class and sta

...Read the full article

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