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Milton Friedman - Greed Posted by: mearbhrach
Video duration: 143 seconds In his book "Capitalism and Freedom" (1962) Milton Friedman (1912-2006) advocated minimizing the role of government in a free market as a means of creating political and social freedom. An excerpt from an interview with Phil Donahue in 1979. http://en.wikiped ia.org/wiki/Milton_F riedman Related: capitalism, communism, donahue, economics, freedom, government, philosophy, politics, socialism Display Video Comments | Hide Video Comments | Add Comment |
![Angela\](http://img.youtube.com/vi/6zLpf1XDNko/2.jpg "Angela\") |
Angela's Ashes (trailer) Posted by: mearbhrach
Video duration: 133 seconds Life in impoverished Depression-era Ireland holds little promise for young Frank McCourt, the oldest son in a tightly knit family. Living by his wits, cheered by his irrepressible spirit, and sustained by his mother's fierce love, Frank embarks on an inspiring journey to overcome the poverty of his childhood and reach the land of his dreams: America. http://imdb.com/t itle/tt0145653/ Related: ireland, mccourt, poverty, trailer Display Video Comments | Hide Video Comments | Add Comment |
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Dangerous Liaisons (trailer) Posted by: mearbhrach
Video duration: 87 seconds The game of conquest is underway. Anything goes when a predatory, wealthy widow challenges a notorious rake to seduce a beautiful young newlywed. But this time, a cardinal rule will be broken: two players will fall in love - with tragic results. http://imdb.com/t itle/tt0094947/ - http://youtube.com/w atch?v=Jl1VIhdpl4c Related: conspiracy, trailer Display Video Comments | Hide Video Comments | Add Comment |
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Peggy Phoenix Dubro - The Lattice: Reframing Your Reality Posted by: mearbhrach
Video duration: 160 seconds View 3-dimensional animations of the Universal Calibration Lattice (UCL), a system within the human energy anatomy composed of fibers of light and energy. http://emfworldwi de.com Alex Grey - http://www.alexgrey. com http://youtube.co m/watch?v=GvXASWDMtB M The Electric Universe - http://thunderbolts. info http://youtube.co m/watch?v=z9HdiyXLRt I Related: documentary, spirituality, thunderbolts, universe Display Video Comments | Hide Video Comments | Add Comment |
Latest comments made on this video:
By: zsylvana. on 03 Dec 08, 06:01:40
For all his high public profile - thanks to his regular column in Newsweek and series on US television, Free To Choose, which made him into something of a star - today no mainstream academic economist is a monetarist and Friedman left no lasting school of academic heirs. Even the "Chicago school" at the University of Chicago has waned in influence, eclipsed by the mighty MIT army of economists that followed Paul Samuelson.
By: zsylvana. on 03 Dec 08, 05:59:40
Friedmans only succes that he was responsible for that was widely and internationally adopted was one that greatly increased the ability of central governments to collect taxes.Called PAYE,Pay As You Earn. Obituaries of Friedman sing of his successes. But close examination will show them to be few,and none unalloyed.
By: zsylvana. on 03 Dec 08, 05:54:51
The world has not been kind to Friedmans Neo-liberalism, that grab-bag of ideas based on the fundamentalist notion that markets are self-correcting, allocate resources efficiently, and serve the public interest well. It was this market fundamentalism that underlay? Thatcherism, Reaganomics, and the so-called Washington Consensus in favor of privatization, liberalization, and independent central banks focusing single-mindedly on inflation.
By: zsylvana. on 03 Dec 08, 05:52:39
A quarter-century, there has been a contest among developing countries, and the losers are clear: countries that pursued neo-liberal policies lost the growth sweepstakes.Though neo-liberals do not want to admit it, their ideology also failed another test. No one can claim? that financial markets did a stellar job in allocating resources in the late 1990s, with 97% of investments in fiber optics taking years to see any light,and the more recent massive misallocation of resources to housing.
By: TimLoganKnows911633. on 03 Dec 08, 02:38:05
Greed! Now that's good old-fashioned moral family values for you. That's exactly why "compassionate conservative" is an oxymoron.
By: TimLoganKnows911633. on 03 Dec 08, 02:36:06
why in the world was that even marked as spam. This commentor wasn't peddling porn or telling people to go check his/her videos. Surprising how "free market" enthusiasts are all about free markets, except when it comes to a free market of ideas.
By: designandsketch. on 03 Dec 08, 01:48:04
such a clever guy.. clever jewish guy...
By: Bacchant33rd. on 02 Dec 08, 23:43:18
Okay, AlmostChosen, explain how it's nonsense rather than simply attack the source of the critique.
By: AlmostChosen. on 02 Dec 08, 23:13:31
You're not the only one who's read Chomsky's nonsense. Funny thing is - in the real world Chomsky's argument applies to Liberals more than Conservatives.
By: aliceinneverland27. on 01 Dec 08, 19:04:11
There is a serious endogeneous problem with his claims - we become greedy when we become richer (i.e. there is more to take!, our neighbors have more, etc). We don't become richer because we are greedy (take a look at the financial system!, sure they were greedy, to the extent of wiping out half of the capital market value).
By: Broncsfan27. on 01 Dec 08, 04:29:58
Donahue looks convinced and shocked to learn the truth
By: oscarvenegas. on 01 Dec 08, 03:33:38
Milton Friedman
By: Luc22a. on 01 Dec 08, 02:52:17
Donahue was puzzled
By: Bacchant33rd. on 01 Dec 08, 02:33:05
If capital movements are free, tax on currencies are free, there's what economists call a VIRTUAL PARLIAMENT of investors & lenders who actually vote every minute, in fact. If they don't like what the government is doing, they ATTACK the currency. Hence, economic liberalisation is a usurpation of democracy by imposing a private TYRANNY of investors on the populace. "Free-market" policies are really imposing Social Darwinism on the people.
By: AenigmaTDS. on 29 Nov 08, 11:52:34
I think the Chilean people prefered having a dictatorship with a good economy as opposed to a dictatorship with a bad economy. Milton Friedman was opposed to dictatorships of all kinds, as is any liberal(in the European definition of the term) worthy of that name. Does helping out the people of a country that has a dictator make you evil? If you think that is true,are all those people helping out in Burma after the disaster evil too?
By: Bacchant33rd. on 28 Nov 08, 20:18:15
But ME, I need the nanny-state to protect me from market discipline so that I'll be able to rant and rave about the marvels of the "Free Market," while I'm getting properly subsidized and funded by everyone else through the nanny-state. And also, this has to be risk free. So I'm perfectly willing to make profits, but I don't want to take risks. If anything goes wrong, YOU bail me out.
By: Bacchant33rd. on 28 Nov 08, 20:17:19
For those interested in the REAL WORLD, a look at the ACTUAL history suggests a modification of Fee Market theory. To what we might call Really Existing Free Market theory. That is the one that's actually applied, not talked about. And the principle of Really Existing Free Market theory is: Free Markets are fine for YOU, but NOT for me. So YOU, whoever you may be, YOU have to learn responsibility, and be subjected to market discipline, it's good for your character, it's tough love, etc.
By: flavadaveflynn1. on 28 Nov 08, 18:09:21
"THe Miracle of Chile" was a term coined by Friedman himself, so it is hardly an objective aphorism. Even if Chile did succeed economically, it does not mean that Friedman should be excused for his actions; he abetted a brutal dictator who was responsible for the death of thousands (including Americans). I suppose the Chilean citizens you spoke to also spoke well of the military junta? Friedman travelled to Chile solely to fortify American hegemony and had no qualms helping an insidious dictator
By: TimeWarp66. on 28 Nov 08, 17:34:05
The man was a national treasure.
By: stuffzor. on 27 Nov 08, 17:50:55
You are very misled. It is true that Milton Friedman aided Augusto Pinochet, but only to the extent of setting up a free-market economy in Chile. And look what happened there. They've become far better off than their neighboring countries. Have you ever been to Chile? I have, and I spoke with people who told me it is very true that the country has become wealthier since the 80s. This is a direct result of Friedman's help there. They don't call it the "miracle of Chile" for nothing.
By: flavadaveflynn1. on 27 Nov 08, 12:57:19
Scum, nefarious scum; he has Chilean blood on his hands.
By: nowayjose470. on 27 Nov 08, 04:56:23
Okay I can handle that. I firmly believe capitalism regulates greed much more than systems run by a select elite class. I don't subscribe to the Machiavellian idea that somehow the elites of The Spetacular State are immune to the condition of total depravity allegedly inherent to the nature of man But you are right in one aspect. Our founding fathers stressed the importance of morality to the survival of our republic.
By: merco80. on 27 Nov 08, 01:22:25
Didn't say they weren't. Communism mandates that an elite undisciplined, select economic class exist for who would there be to enforce communism, the people? And yes a system like that is ripe for corruption but any system is ripe for corruption when morals are absent. It is the lack of morals that brings down a power no matter what system exist.
By: nowayjose470. on 26 Nov 08, 11:48:45
All welfare states in history were predominantly corporate welfare states. A welfare state cannot exist without the creation of an elite class. Corporations are that elite class. They are the means by which we collectize property ownership.
By: nowayjose470. on 26 Nov 08, 11:36:51
Game, set, match. The welfare state utterly refuted in two minutes. Greed didn't undermine Communism? It didn't undermine socialism? Don't be naive merco80. Both of those systems are more prone to greed because they create an elite, undisciplined, selected economic class which is far more prone to corruption and greed. Absolute power corrupts absolutely.