Re:A New Way to Learn Economics
by falsedan on Tuesday September 12, 2017 @07:17AM
(#15226365)
> found Milton Friedman in "Freedom and Capitalism" to be more critical of capitalism that I'd have expected (e.g. concerning monopolies and externalities, I read it a while ago though).
He's against government-enforced monopolies; market capture is fine by him (because surely an upstarted would disrupt the incumbent & wouldn't be subject to anti-competitive actions that kill their business).
He's against government-enforced monopolies; market capture is fine by him (because surely an upstarted would disrupt the incumbent & wouldn't be subject to anti-competitive actions that kill their business).