An individual is only free when he or he can make economic choices without any hindrance whatsoever. In this milieu, political freedom implies economic freedom. The more involvement of the government in determining taxes imposed on goods makes them expensive for the low earners, hence giving wider opportunities to the few affluent. Order custom essay Friedman on Capitalism and Freedom Essay For instance, when the government is given the full mandate of providing housing to its citizens, people would have limited options to do otherwise, which implies lack of freedom than its presence. He believes that it is only possible to attain that when the participation of the government in economic affairs is limited. It would limit the abilities of the less affluent to access economic opportunities, which makes the market unstable for business.Īccording to Friedman, it is fluid to believe that equal distribution of wealth in the society is the measure of freedom but rather wants the political freedom to be measured by the degree in which people access opportunities equally. He argues that the involvement of the government in economic affairs leads to the concentration of wealth in the hands of a small group of people. His book inspires the thought to reduce the government's involvement in economic matters. The government has a role in developing the country's economy through different means such as taxation, minimum wage and the provision of essential services to the general public. In his mind, Milton believes that a country that ratifies political freedom automatically promotes economic freedom. One thing that comes to the attention of any reader of Milton's piece is whether capitalism paves ways of freedom.
Milton Friedman succinctly explores the relationship between political freedom and capitalist economy, more so in regards to whether indeed freedom is related to capitalism.
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