A major source of objection to a free economy is precisely that it ... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
About this quote
- What does it mean?
- Opposition to free markets often stems from wanting to control what others desire.
- In plain terms
- People oppose free markets because they want to decide for others.
- What can you take from it?
- Distrust in freedom drives market criticism.
Where it applies
Putting it to work
Questions to consider
- Do you trust others' choices?
- Why do you want control?
Another view
Some regulation may be necessary for safety.
More from Milton Friedman
The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining t…
Permalink to quote #29 With respect to teachers' salaries .... Poor teachers are grossly overpaid and good teachers grossly underpaid. Salary schedules tend to be uniform and determi…
Permalink to quote #31 Political freedom means the absence of coercion of a man by his fellow men. The fundamental threat to freedom is power to coerce, be it in the hands of a monar…
Permalink to quote #28
Related quotes
Whether or not they exist, we're slaves to the gods.
Fernando PessoaFernando Pessoa quote #18 The conception that government should be guided by majority opinion makes sense only if that opinion is independent of government. The ideal of democracy rests…
Friedrich HayekFriedrich Hayek quote #21 You may talk of the tyranny of Nero and Tiberius; but the real tyranny is the tyranny of your next-door neighbor... Public opinion is a permeating influence, a…
Walter BagehotWalter Bagehot quote #23