"One of the reasons I am in favour of less government, is that when you have more government industrialists take it over" Milton Friedman
The full quote is supposedly from Freedom to Choose, but I haven't been able to find it:
I do not believe it's proper to put the situation in terms of industrialist versus government. On the contrary, one of the reasons why I am in favor of less government is because when you have more government industrialists take it over, and the two together form a coalition against the ordinary worker and the ordinary consumer. I think business is a wonderful institution provided it has to face competition in the marketplace and it can't get away with something except by producing a better product at a lower cost; and that's why I don't want government to step in and help the business community.
Posted by: Teresa | April 01, 2010 at 07:33 PM