Delaware Liberal

The Origin Of ‘The World’s Dumbest Idea’: Milton Friedman

If you are like me, old enough to remember a time when this country wasn’t prostrate to corporations, you may enjoy this Forbes article by Steve Denning. It does a great job tracing our current problems back to their source (a September 1970 NYT article by Milton Friedman).

If you are too young to remember when executives were not paid in stocks, and corporations were actually interested in something other than making profits at any cost, when decency factored into corporate decision making, you may be shocked and titillated to find out that our bleak and blasted, dog-eat-dog hellscape is a fairly modern invention.

Anyway – young or old, read this article. It is the best, most concise, and illuminating take on modern capitalism that I’ve ever read.

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