Free To Choose 1980 - Vol. 01 The Power of the Market - Full Video

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Free To Choose Network

Free To Choose Network

5 жыл бұрын

America’s freedom and prosperity derive from the combination of the idea of human liberty in America’s Declaration of Independence with the idea of economic freedom in Adam Smith’s Wealth of Nations. Friedman explains how markets and voluntary exchange organize activity and enable people to improve their lives. He also explains the price system. Friedman visits Hong Kong, U.S. and Scotland. Discussion participants: Robert McKenzie, Moderator; Michael Harrington, Democratic Socialist Organizing Committee; Milton Friedman; Russell Peterson, Governor of Delaware, 1969-1973; Robert Galvin, Chairman, Motorola, Inc.; Congressman Barber B. Conable, Jr., Ways and Means Committee, U.S. Congress.
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Пікірлер: 89
@jnichols3
@jnichols3 4 жыл бұрын
People having spirited discussions and debates, and no called the other a "Nazi" or a "facist". My God this was refreshing.
4 жыл бұрын
Props for uploading the full series to KZfaq for free!
@blueoceanthinking
@blueoceanthinking 7 ай бұрын
I wish I would've watched this as a child - I was very young - but think it should be viewed in every high school econ class.
@puddintame7794
@puddintame7794 Жыл бұрын
Every single teenager should watch these videos. The world could be saved thus.
@riyadhf1rdausehh
@riyadhf1rdausehh 3 жыл бұрын
I almost cry that i grew up not knowing about him, and right after i cared about economics, he already passed away.
@designgauge
@designgauge 3 жыл бұрын
Great stuff. It's interesting to see the almost universal pushback Milton gets from the debaters, but then one has to remember the time - the stagflation era of the late 70s. With high inflation and interest rates, the oil shocks, and the decline of US auto and other heavy industry, the Carter years were a time of widespread malaise. This was before the huge high technology innovation waves, the global shipping revolution, the rise of China as an industrial powerhouse, the collapse of the Soviet Union and other communist states, and the broad shifts of thinking that Reagan and Thatcher ushered in - generally lower taxes and freer trade - that helped transform wealth and standards of living around the world. It's good that Milton got to live long enough to see that shift around the world, even though it never went far enough. Sadly we seem to be regressing in recent years.
@ganamaran
@ganamaran 3 жыл бұрын
It is very interesting and at the same time, it is refreshing to see people who have very different ideas with different interests come together and debate about a topic. Putting forward counter opinions without sounds like a narcissist or whatever. These kinds of decent debates definitely look alien to the current generation. Thank you
@tedadams1324
@tedadams1324 Жыл бұрын
Dr. Friedman was right on the "money," so to speak. LOL I wish that he were still around today!
@gushonigman8806
@gushonigman8806 9 ай бұрын
50 years later and $30 Trillion in debt later....here we are......governments overspending to their heart's content at the expense of their citizens. There's no free lunch...either inflation comes and bites you in the rear or end up with ever increased tax impositions, or both!
@phadabpamano9174
@phadabpamano9174 4 жыл бұрын
I'm really love to listening to professor Friedman very much I can listening to him all day.
@jamespyers_wiresworld
@jamespyers_wiresworld 8 ай бұрын
Every day that goes by, and the perverse growth of the U.S. government, Milton Friedman looks more and more like a genius and soothsayer.
@christopherarmstrong2710
@christopherarmstrong2710 5 жыл бұрын
Thank you so much for uploading the high quality version of this series in their entirety! Long live Friedman’s concepts!
@n.ksharma1831
@n.ksharma1831 5 жыл бұрын
Zsr
@l.o.s.gardens550
@l.o.s.gardens550 4 жыл бұрын
This. This, so much!
@george.carlin
@george.carlin 4 ай бұрын
He was right. Our OHIP system in Ontario is a disaster. Used emergency in hospital two times and both times with my small son. First time he was about 4 years old. Waiting line was several hours for a crying little kid. Second time he was a teenager, same story came around 9 PM and doctor helped him around 2 AM.
@D3NNIS18
@D3NNIS18 7 ай бұрын
You can not find this similar on tv these days. That is why I love KZfaq
@05AcuraRSXtypeS
@05AcuraRSXtypeS 5 жыл бұрын
Thank you for these gems... 10 hrs of Milton does not make my wife a happy camper, good dr will simply have to wait.
@carlosvipe2765
@carlosvipe2765 4 жыл бұрын
Besides deep thoughts, Milton Friedman, mentions some common facts we face in our ordinary lives, but we are not aware of. I heard the thought "Give me freedom or give me death" a long time ago and keep on standing for it, even more intensively now than before.
@boblaine4733
@boblaine4733 3 жыл бұрын
At the 52 minute mark, the socialist starts talking about monopolies and control by them in a capitalist society and how they control the people but he fails to realize that in every socialist society there is NO competition in industries and almost all suppliers of goods/services have monopolies run by the government. Normally run by the government very inefficiently and that is why we see the mass exodus from socialist countries into capitalistic countries and not the other way around. Friedman is many times misunderstood and restates many times that he is not for the absence of a government, but for limited government. Government is there for third party redresses not to tell the people what they should buy and the business what to sell. The most amazing part of all of this is these conversations were happening 40 years ago and now we are seeing the same arguments toward socialism all over again by a new generation of self-righteous, grandeous thinkers who think THEIR brand of socialism will work just because they others did it wrong. Theft(redistribution of wealth) by force is tyranny. We went to war against England because of a tax of 2% on TEA. Biden wants to increase taxes by 40% or more and some want people to quit complaining!!! They obviously don't care to look at history.
@sanpedrosilver
@sanpedrosilver 3 жыл бұрын
Wish all young people would watch this series. What a different place earth might be. Thx for uploading Free to Choose!
@universal_studio
@universal_studio Жыл бұрын
Спасибо, что разместили эти фильмы, они бесценны.
@obiwancabroni3451
@obiwancabroni3451 5 жыл бұрын
Was a basic ass liberal but now im more of a libertarian even tho these are old i enjoy these, wished someone would come along and do a present day free to choose
@Mathus1
@Mathus1 5 жыл бұрын
The originals, thank you.
@thegreatonecometh200
@thegreatonecometh200 Жыл бұрын
They need to bring back ideal debates not for ratings but for intellectual and knowledge driven ends
@joseperez1464
@joseperez1464 3 жыл бұрын
Thank you for posting these films , they’re priceless.
@jnichols3
@jnichols3 4 жыл бұрын
I did not see it when it was produced, but I imagine that "Free To Choose" was to the subject of economics what "Cosmos" and "The Day The Universe Changed" was to science and history.
@crawford2871
@crawford2871 5 жыл бұрын
Thank you for sharing, great film and discussion.
@Clubrat
@Clubrat 4 жыл бұрын
Tough times create tough people!
@h.raouzi175
@h.raouzi175 3 жыл бұрын
"Tough Times create tough people , tough people create good times ,good times create weak people ,and weak people create tough times " ibn khaldoun
@elsacanelon462
@elsacanelon462 3 жыл бұрын
Thank you for making this available to watch..! ❤🇺🇸❤
@user-ct3ni1ft5q
@user-ct3ni1ft5q 4 ай бұрын
Pure masterpiece
@wininspn
@wininspn 3 жыл бұрын
Although the demographics of the participants of the discussion in the video are dated, the concepts and importance are timeless.
@shawnsharpe1912
@shawnsharpe1912 5 жыл бұрын
You could imagine the outrage now if this was aired with men carving ivory?
@victorprokop2240
@victorprokop2240 4 жыл бұрын
Poor Hong Kong. Since 1997 under the CCP
@lendavidhart9710
@lendavidhart9710 4 жыл бұрын
Nothing will ever change.
@JMoruzzi
@JMoruzzi 7 ай бұрын
I wish this had been uploaded in its original aspect ratio. I feel like I am ducking my head all the time with this!
@nebula3660
@nebula3660 4 жыл бұрын
Quality content and honest
@r5LgxTbQ
@r5LgxTbQ 3 жыл бұрын
25:00 right from the chickens AAAAAASS there can be no question
@f3d3917
@f3d3917 4 жыл бұрын
51:05 "whatever kind of car i buy i still get dirty air" lol did Bob Galvin say that? it felt like they ignored him.
@bf6159
@bf6159 9 ай бұрын
Today, their grand children can't imagine not having the ability to call Grub-hub for meals delivered while they waste away in their parents basement. They take everything for granted, as though such has always been and always will be. Wilfully opting themselves into a life many of their ancestors fled.
@jeremyramsey8804
@jeremyramsey8804 Жыл бұрын
That tomato slice looked really good. 😋
@christianc8265
@christianc8265 3 жыл бұрын
unbelievable how up to date the debates are not 40 years later yet the fed balance sheet explodes and we get stimulus checks ... and singapore just overtook hong kong
@BeauBirkett
@BeauBirkett 6 ай бұрын
The people debating Milton at the end are like characters from Atlas Shrugged
@brentsrx7
@brentsrx7 8 ай бұрын
This guy loved people.
@superdude292
@superdude292 9 ай бұрын
Why is the intro music so good!?
@jayb-clay2724
@jayb-clay2724 4 жыл бұрын
You don't take society today and build on it. If they mess up a floor building a building you don't build on top and hope for the best you tear that floor down and build it again
@aeioubfjpv7591
@aeioubfjpv7591 3 жыл бұрын
I just got a master's in Economics
@soffren
@soffren 4 жыл бұрын
I wish I could have asked him for his thoughts on UBI.
@johnkeller9738
@johnkeller9738 3 жыл бұрын
He made several statements about UBI and his unique reasons for his informed opinions. Look it up in books or even other videos on youtube.
@elijah2292
@elijah2292 4 жыл бұрын
Damn only 273 likes should be way more
@jeremyogrizovich3247
@jeremyogrizovich3247 4 ай бұрын
This is the future
@Noitisnt-ns7mo
@Noitisnt-ns7mo 10 ай бұрын
Without the "commons" nothing is possible. Without some trust, goodwill and honesty, there is no "business". "Equal freedom of opportunity" will always be seen thru the barrel of a gun.
@krishnanunnimadathil8142
@krishnanunnimadathil8142 3 жыл бұрын
Please please please please please please translate this entire series in the various languages of India and have it broadcast there. I implore you!
@AsiandOOd
@AsiandOOd 3 жыл бұрын
i feel like the motorola ceo was not there on this debate. i guess thats why they went broke lol.
@adriribau
@adriribau 3 жыл бұрын
Great economist, thanks for posting
@dntstpmving
@dntstpmving Жыл бұрын
For us this is History for many people this SCHOULD be Reality but. today the most Emigrats think that they can have the same standards of life like if they have been one of thouse who built the wealth
@rubyz1523
@rubyz1523 4 жыл бұрын
#FreeHongKong
@thuongphamzz
@thuongphamzz 7 ай бұрын
Tôi muốn tự do ở Việt Nam!
@robertprawendowski2850
@robertprawendowski2850 Жыл бұрын
@dhruva.3206
@dhruva.3206 4 жыл бұрын
Is his point on pollution still valid?
@he-ran3302
@he-ran3302 11 ай бұрын
28:00
@erikwirfs-brock2432
@erikwirfs-brock2432 6 ай бұрын
Deeply disagree with most of what Friedman believes, and I think history has shown he was all too willing to be an ally with actual fascists or neoconfederates, but I still appreciate the program especially the second half debate portion. Nostalgia for when tv at least attempted to inform the public. Missed out on not having a Friedman/Harrington public affairs show, that would have been dynamite.
@RandoBurner
@RandoBurner 5 ай бұрын
"As a friend of mine, Karl Marx said of capitalism" lol. Michael Harrington truly gave the game away there. THe funny thing is this was before communism collapsed in Europe. There is no economic system that so failed like what Marx had proposed. Literally none.
@chewie1355
@chewie1355 3 ай бұрын
2024 the debt (1 Trillion every 100 days), and the market continue to rise
@ShaniaSuperFan
@ShaniaSuperFan Жыл бұрын
I'm offended.
@danaschoen432
@danaschoen432 4 жыл бұрын
I don't once hear this guy complain about so called "right to work" laws that say people can't band together and decide what their labor is worth. That too, is government intervention.
@arturo8999
@arturo8999 4 жыл бұрын
On the contrary right to work laws state that people can band together but that they should not nor cannot force others to join or financially support a unit. Right to work laws do not prevent labor unions but only prohibits such unions from forcing others to support them.
@oliverchristophergomez4642
@oliverchristophergomez4642 4 жыл бұрын
You've thoroughly misunderstood these "right to work" laws
@Ctworld15
@Ctworld15 10 ай бұрын
Liberals- “some people should pay less for the pencil than others, and some people should get pencils for free. Anyone with over a million dollars should only be able to purchase half sized pencils for a higher price. Ugh I’m such a good person!”
@Sailor999999999999
@Sailor999999999999 4 жыл бұрын
Now the HK is losing its economic potential by the raise of free-market (?) of China, what an ironic.
@Will-vs5kp
@Will-vs5kp 4 жыл бұрын
China is not a free market.
@badluckwitcarpet
@badluckwitcarpet Жыл бұрын
Search "William Cavanaugh, 'What Do I Want? Augustine and Milton Friedman on Freedom of Choice' " for a rich response to Friedman's take on freedom and free markets.
@collin501
@collin501 Жыл бұрын
I listened to it. I agree with a lot of points he made, but I don't think he fully captured Friedman's concept of freedom. I believe he would define freedom as being allowed to choose, whether or not all the options are bleak. He would define coercion in terms of state or outside force, not a reluctant choice between the lesser of two evils. The highest form of freedom is doing what is right and good, especially a self sacrificial choice. As far as I can tell, two things should be sought in order to achieve human flourishing. A free market, and a moral society. A free market leads to productivity. A moral society leads to better individual choices in use of money including charity. If the people are immoral, maybe you have to put some regulations and controls over them to some extent, but not as a way to achieve more social well being, but as a last resort to stop an obvious evil.
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