The broader and more influential organisations of businessmen have acted to undermine the basic foundation of the free market system they purport to represent and defend.
About this quote
- What does it mean?
- Friedman claims that large business groups often undermine the free market they claim to support.
- In plain terms
- Big companies often hurt the free market system.
- What can you take from it?
- Business interests can harm free markets.
Where it applies
Putting it to work
Questions to consider
- Do businesses support or harm free markets?
- Who benefits from regulation?
Another view
It overlooks businesses that actively defend free markets.
More from Milton Friedman
With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
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