Celtic’s “anti-racist” fanbase strikes again - waving Palestinian flags, … and then getting dumped out of the Champions League by Kazakhstan’s Kairat Almaty.
And who slotted home one of the winning penalties? An Israeli. 1/2.
France has banned all pro-Palestinian protests until further notice – a blatant violation of free speech. The reason they did so is obvious: they don’t want a repeat of the riots that took place earlier this year. https://t.co/Gwasc3LJ7Y
"Capitalism and Freedom" by Milton Friedman, published in 1962, is one of the most influential books in the field of economics and political philosophy. It outlines Friedman's firm belief in the intimate connection between economic and political freedom, and advocates for laissez-faire capitalism and limited government intervention.
Friedman begins by explaining the necessary relationship between economic and political freedom, arguing that history shows free markets are a precondition for political freedom. He believes that a centralized economy that controls economic activities of the citizens tends to accumulate political power, which undermines political freedom.
Friedman then investigates the role of government in a free society. He proposes that the government should have limited responsibilities such as enforcing law and order, maintaining national defence, and conducting monetary policy. He strongly argues against the welfare state and government-run social programs.
In subsequent chapters, he explores a range of specific issues. For instance, he argues for a volunteer army instead of conscription, for floating exchange rates between currencies, and against agricultural subsidies.
One of the most significant chapters concerns education. Friedman criticizes the public education system and suggests implementing a voucher system to promote competition and improve quality.
In the realm of monetary policy, Friedman advocates for a rules-based approach with a steady, small expansion of the money supply, instead of the discretionary policy. He criticises the Federal Reserve’s role in the Great Depression of the 1930s.
The book also proposes the concept of a "negative income tax" as a means of providing welfare and reducing poverty without disincentivising work.
Friedman's thesis throughout "Capitalism and Freedom" is that competitive capitalism - the organization of economic activity through privately owned enterprises operating in a free market - is both a method for achieving economic freedom and a necessary condition for political freedom.
This summary is an overview of the complex ideas presented in the book, which are covered in greater depth and with rigorous argumentation in the original work.