WWS 370 Chapter Notes - Chapter 1: Alka-Seltzer, Political Freedom, Economic Freedom
7 Nov 2018
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Democratic socialism: politics and economics are separate and largely unconnected. Friedman says this theory is a delusion. He says there is an intimate connection between economics and politics. He says a socialist society cannot also be democratic in the sense of guaranteeing individual freedom. Economic freedom is a means toward political freedom. A citizen of the united states who isn"t free to follow the occupation he chooses unless he has a license for it is being deprived of his freedom. Someone selling alka seltzer at a price below the price set by the manufacturer under. Fair trade laws who is thrown in jail for doing so is being deprived of his freedom. Economic arrangements are important because of their effect on the concentration or dispersion of power. The typical state of mankind is tyranny, servitude, and misery. Political freedom came along with the free market and the development of capitalist institutions.
