Why Capitalism is Necessary- Milton Friedman

Many condemn Capitalism or chastise its outcomes. Many say that Capitalism is synonymous with greed, inequality and evil. In fact, this message that been parroted across the media and trumpeted from the White House ad nauseam over the past few years.  What is so ironic is that despite America’s success as a world power, the very means that got us there is now being demonized.

Compare the standard of living in any Capitalistic society to other non-Capitalistic run governments. The difference is both striking and appalling. Thus, it is not surprising that as America and other democratic societies embrace more socialistic policies our mean average annual income is dropping, governmental subsidies are rising and the poverty index is at an all time high. Both statistics and history don’t lie. However, no one says it better than Milton Friedman.

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