Leave it to Milton Friedman to explain the goodness of capitalism better any of today’s economists. If only today's "elites" devoted as much time to studying Friedman as they do Marx and Alinsky...
“Not a single person in the world could make this pencil…Literally thousands of people cooperated to make it. People who don't speak the same language or practice the same religion...
No central planning create this pencil. It was the magic of the price system that brought people together and induced them to cooperate so that you could have it for a trifling sum...The operation of the free market is so essential not only to promote product efficiency but to foster harmony and peace among the peoples of the world.”
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