Les Andrews

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Friedman’s remedy for discrimination was very different than the antidotes generally embraced by his contemporaries. The civil rights movements of the twentieth century were defined by the pursuit of government protection; Friedman argued that minorities instead should place their faith in markets. “It is a striking historical fact,” he wrote, “that the development of capitalism has been accompanied by a major reduction in the extent to which particular religious, racial, or social groups have operated under special handicaps in respect of their economic activities; have, as the saying goes, ...more
Capitalism and Freedom
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