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Milton Friedman explains why no one can “bring back” industry by force. 👇
31 条评论
Great video! The free market has done more for human flourishing than any politician.
𝑼𝒏𝒅𝒆𝒓𝒔𝒕𝒂𝒏𝒅𝒊𝒏𝒈 𝑾𝒉𝒚 𝑻𝒓𝒖𝒎𝒑 𝑾𝒐𝒏 The liberal establishment has colossally failed us and ushered in a dangerous Trump administration in the process. The only answer is a bottom-up working-class movement. ★ NEW ARTICLE ⬇️
Who is attempting to bring back industry by force?
Milton Freeman was ok with offshoring our production to foreign countries. Don’t care what he says.
Key word: cooperation. People think of the free market as "dog-eat-dog" competition, when it is in fact a peaceful exercise in cooperation.
The only thing tarifs are for is to bring interest rates down to refinance the debt !
If you think he wants to recover the industry by force, you didn’t understand anything
That’s not the point of the video. You can still ask all the same questions about how each aspect of the pencil was made even if each aspect was made in America.
But you can fight for free trade. The world has changed a lot since 1970
Trump is using the “magic of the price system” to recalibrate things. That’s the opposite of “force”
Yes free trade is needed for industry & divison of labour & it creates groups which are willing to work which ultimately creates product for satisfying need as well as wealth & uplifts poverty & gives meaning & purpose - the problem is many people don't have work & don't feel incentivised to work or even feel there is enough group cohesion to work & they feel jaded & only want to work for their "tribe" as they see it so want self sufficiency within borders
That's not what he is saying.
How do you think Milton Friedman would feel about selling products into these countries? As of April 2025, European countries have the following standard Value Added Tax (VAT) rates: 1. **Hungary**: 27% 2. **Finland**: 25.5% 3. **Denmark**: 25% 4. **Sweden**: 25% 5. **Norway**: 25% 6. **Croatia**: 25% 7. **Greece**: 24% 8. **Iceland**: 24% 9. **Poland**: 23% 10. **Portugal**: 23% 11. **Slovakia**: 23% 12. **Italy**: 22% 13. **Slovenia**: 22% 14. **Czech Republic**: 21% 15. **Netherlands**: 21% 16. **Belgium**: 21% 17. **Spain**: 21% 18. **Estonia**: 22% 19. **France**: 20% 20. **Austria**: 20% 21. **United Kingdom**: 20% 22. **Germany**: 19% 23. **Cyprus**: 19% 24. **Romania**: 19% 25. **Malta**: 18% 26. **Luxembourg**: 17% 27. **Switzerland**: 8.1%
The MAGA cult will call him woke for saying all that Trump is always right! Dear leader knows best!
Great snapshot of the complexities of manufacturing.
Milton was a globalist.
Dr. Friedman needs to be celebrated in every part of higher education
You can create a market environment for the industry to emerge organically if you assume that it is being stifled by regulations that make it untenable. We could have a high-speed rail industry in the United States, for example.
The creepy instigator of the giant, destructive CON called "Trickledown"
@MatthewWielicki I read that a former President of the USA once said speak softly and carry a big stick .
Great video, free and fair trade is essential for price discovery. Hopefully China will participate by dropping their tariffs
But there is also war. It is not cooperative production. It is mass production done by single country. There is not world war in economy theories, but it exist in reality.
Again why the fool
Yes. Likely a clue that the ability to "bring back" results from possibility/opportunity taken advantage of by inspired people, and when possibility/opportunity is DISADVANTAGED and DISCOURAGED there can be no resurgence of business enterprise.
You missed the point of the great Milton Friedman
Trump is killing exactly that.
We tried it in UK. It didn't go too well. There is always a middle way.
How Orwellian, slavery is not peace, and fair trade is not FREE trade! EG What happens when I can't buy the apple pencil? To him, I would be surplus labor and no longer needed!
Eso es de libre para elegir, la serie que hizo. Está al completo en YouTube
Love the simplicity of his explanation! “The world is flat” was a great read from him surrounding economics if anyone wants a great book.
Brilliant. This is what Economics majors should be taught!
