Milton Friedman Schools Young Idealist - 2 (Stanford)

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You say that that you believe many people in America agree, and I believe in your definition of freedom freedom from coercion and I agree with you but I also believe that many people in America believes in a different kind of freedom and that is freedom to well-being, a certain level of standards for housing at a good price, education et cetera. The other thing I want to say is is that the system has built into it the poor remain poor, and the rich remain rich, and that is an externality of the system. It is not built into the system at all it has never been true, it's simply false. If you look at the evidence, there is an enormous amount of mobility from one class to the other. In fact, there used to be a saying three generations from shirt sleeves to shirt sleeves, which reflected exactly the opposite effect. No, it simply is not built into the system, on the contrary, there's a great deal of mobility within generations, and between generations, and we shouldn't argue on the basis of false factual premises. That mobility...well let me continue, because I'm not sure it really has an effect on the question (stammers) because it is not immediately easy to become in the wealthy class. There are certain parts of the system which make that virtually impossible for the real person. Now, I also believe that this freedom too represents... represents the belief in equality as as opposed to liberty, and I wonder is it possible to build the system based on this equality which I believe that many people agree in, and would not be willing to sacrifice to the liberty of freedom problem. Let me... I'm not going to be able to give a full answer your question, 'cause you've asked a very, very complex question, and so you're going to have to pardon me if I am a little dogmatic, but I only want to suggest that the statements I'm making are not without some thought and reason behind them. In my opinion, a society that aims for equality before liberty will end up with neither equality nor liberty. (applause) And the society that aims first for liberty will not end up with equality, but it will end up with a closer approach to equality than any other kind of system that has ever been developed. Now, that conclusion is based both on evidence from history across history and also, I believe, on reasoning which if you try to follow through the implications of aiming first at equality, will become clear to you. You can only aim at equality by giving some people the right to take things from others. And what ultimately happens when you aim at equality is that A & B decide what C shall do for D, except that they take a little bit of a commission off on the way. (laughter and applause)
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Channel: Free To Choose Network
Views: 851,393
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Keywords: Stanford, Milton Friedman, Stanford University (College/University), Egalitarianism (Literature Subject), Equality (Organization Sector), Liberty (Quotation Subject), Freedom, Idealism (Musical Album), Economics (Field Of Study), Economist (Profession), Lecturer (Job Title), Health Care (Industry), Public Health (Medical Specialty), Public Housing (Organization Sector), Education
Id: gMLjkt87ICo
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Length: 3min 22sec (202 seconds)
Published: Mon Apr 04 2011
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