Posted by: bibas100 November 17, 2006
Ilton Friedman died...
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Indeed a great loss.I have a small piece of my own analysis of his views on the following topic: Milton Friedman on the relationship between Economic Freedom and Political Freedom Economic freedom is the freedom to choose one’s occupation, to change it if one wishes for so and use private property as one wishes. On the other hand, political freedom entails the absence of coercion of any kind by any person or organization. Milton Friedman believes that economic freedom and political freedom are inseparable. He points out to the evidences from the history to validate his belief. It can be observed from the history that the free market system has been adopted to organize most of the economic activities in the politically free societies. Free market system promotes political freedom as it separates economic power from political power. And, he claims that this separation of power allows people to have more political freedom as economic power can balance political power. However, the existence of capitalism does not guarantee political freedom. Yet, when people have more economic power, they desire to have more political power. Tiananmen Square incident that took place in China is an example of this. Similarly, in Chile when people had free market enterprise, they had economic prosperity. This economic prosperity promoted the desire to have more political freedom among the people and it did bring democracy in Chile. Economies that do not rely on free market economy may not have political freedom in a real sense. In a politically free society, one should be able to disseminate his views on any topics-even on capitalism and socialism. But in a socialist society, one cannot exercise his political freedom (even if one has) due to economic constraints. In a socialist society people hold government jobs, so, they may not be able to advocate against socialism. Moreover, even if one is allowed, he may not have the means to inform other people about his views. However, in a capitalist society, one can easily get a sponsor for his activities. Thus, a society cannot be politically free unless it is economically free. Sometimes political freedom can be used to bring in capitalism through voting rights. And of course, capitalism helps people to have more political freedom. Therefore, economic freedom and political freedom are inseparable. Note: Based on Friedman’s article "The relationship between economic freedom and political freedom"
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