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Capitalist theory was even used to fight basic antidiscrimination laws in Milton Friedman’s foundational 1962 book Capitalism and Freedom. The intellectual father of neoliberalism opposed civil rights laws as a violation free-market capitalism. He decried discrimination as a matter of bad taste, but said that antidiscrimination laws were an “interference with the freedom of individuals to enter into voluntary contracts with one another.”200 He compared laws prohibiting discrimination to laws requiring discrimination, such as the infamous Nuremberg laws—it was all unjustified government ...more
The Color of Money: Black Banks and the Racial Wealth Gap
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