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Milton Friedman casually dismantles the “capitalism = greed & exploitation” narrative on national television: “Tell me, is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? The world runs on individuals pursuing their separate...

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Milton Friedman Quotes

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1979 Milton Friedman mic drop on Phil Donahue’s “greed” question — still crystal clear in 2026: Donahue: “Did you ever have a moment of doubt about capitalism and whether greed’s a good idea to run on?” Friedman: “Is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? Of course none of us are greedy — it’s only the other fellow who’s greedy. The world runs on individuals pursuing their separate interests.” Then the absolute killer: “In the only cases in recorded history where the masses escaped from grinding poverty… it’s where they have had capitalism and largely free trade.” History is crystal clear: Free markets channeling self-interest lift people like nothing else. Watch the clip — pure economic gold. 🔥 #MiltonFriedman #Capitalism
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1979 Milton Friedman mic drop on Phil Donahue’s “greed” question — still crystal clear in 2026: Donahue: “Did you ever have a moment of doubt about capitalism and whether greed’s a good idea to run on?” Friedman: “Is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? Of course none of us are greedy — it’s only the other fellow who’s greedy. The world runs on individuals pursuing their separate interests.” Then the absolute killer: “In the only cases in recorded history where the masses escaped from grinding poverty… it’s where they have had capitalism and largely free trade.” History is crystal clear: Free markets channeling self-interest lift people like nothing else. Watch the clip — pure economic gold. 🔥 #MiltonFriedman #Capitalism

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