Tuesday, March 29, 2011

The insight - Why Free Enterprise works

I like this thought:

"The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive. If forces them to put up or shut up. They either have to deliver the goods, produce something that people are willing to pay for, are willing to buy, or else they have to go into a different business."
--economist Milton Friedman (1912-2006)

Hat tip: The Patriot Post

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