"After the fall of communism, everybody in the world agreed that socialism was a failure. Everybody in the world, more or less, agreed that capitalism was a success. And every capitalist country in the world apparently deduced from that what the West needed was more socialism."
— Milton Friedman

January 1, 1970

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Academics from the United StatesJews from the United StatesPeople from New York CityAgnostics from the United StatesEconomists from the United States
Original Language: English

Sources

Milton Friedman: The Rise of Socialism is Absurd and There’s No Such Thing as a Free Lunch, Grand opening speech at Cato Institutes’ headquarters in Washington, D.C. (May 1993)