5min chapter

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Episode 133 – Free To Choose 1980 – Anatomy of Crisis – Discussion (Podcast)

Free To Choose Media Podcast

CHAPTER

I Agree With Professor Freeman, That the Government Is the Root Cause of the Instability

I don't agree with professor lecatchman, that everything was well until 19 70 threand it suddenly all went wrong. It seems to me that the seeds of the subsequent instability stagnation were there before. Big government is a proximate cause of an original instability that is ready there. There must be something radically flawed with the capitalist system which allows these institutional developments. I thinko seriously wrong with the beautiful system which develops this big, clumsy, aggressive government,. huge corporations with more influence over their markets than is desirable from the standpoint of free competitive theory. Trade unions, which, at least according to some opinions, have a similarly malignant influence on their markets.

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