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Subject:  Re: Week 4- Friedman's Capitalism and Freedom Date:  8/28/2012  9:53 AM
Author:  tabs101 Number:  23720 of 23810


The market does not eliminate the need for government, but it does greatly reduce the areas that government, and by default politicians, needs to exercise its influence over. Rather than enforcing the rules of the game, government inserts itself into the game when controlling economic issues. When government does get involved in the economy, it tends to necessitate conformity. The market, on the other hand, tends to promote diversity, giving consumers more choices and allowing them to acquire goods and services that the majority does not want.

The market, therefore, promotes economic freedom.

Friedman continues by comparing political power to economic power. He does not think that a fixed amount of economic power exists. After all, many millionaires can exist in a society, but it is hard to imagine