Milton Friedman's Legacy

If you don't know who this man was, you should. His aberrant economic philosophy created the world we live in today. Inequality much?

This is a long piece and a scathing inditement of Milton Friedman and the Chicago School of Economics. The author offers a detailed historical analysis of the roots of "neoliberal economics" as he unmasks the ways in which the radical, inhumane theories of this man have ravaged the 20th, into the 21st century.

It umasks the ways in which the fiction, and that is the correct word, of the "free market" became the economic and political framework for the dismantling of government regulation designed to limit the excesses that greed results in.

Its central claim was this: the sole social responsibility of business is to increase its profits. Any executive who diverted corporate resources toward social ends—cleaner air, safer products, fairer wages—was guilty of a form of taxation without representation, spending shareholders' money on causes they hadn’t sanctioned.

If you want to understand another piece of the puzzle of "How the hell did we get here? How is it possible that we are at a point in our history where the gulf between the wealthy and the rest of us is so astronomical," I challenge you to read it in full, if only a section at a time? It will open your eyes.

We’re Living In the World That Milton Friedman Made

You can’t understand what’s wrong with the 21st century without confronting the High Priest of the Invisible Hand.

Current AffairsMax from “Unf*cking the Republic”