Archive for October 4th, 2007

04
Oct

“Capitalism and Freedom” Unmasked

Milton Friedman, best known for his free-market fundamentalism, and accordingly eulogized when not downright canonized by establishment apologists, was a shameless enemy of the people. Blessed with the kind of obscenely long life that apparently befits all scoundrels (dead at 94; Reagan at 84; Ed Bernays, 104) this contemptible mystifier of social science and intellectual prostitute for the plutocracy lived long enough to preside over criminal applications of his fraudulent “economic science”, most notably in Chile, where his vulturish “Chicago Boys” created a model of capitalist “development” with the usual lopsided traits of a nation deeply divided in terms of wealth distribution and political power, with the poor, of course, bearing the brunt of Friedman’s “free society.”

BY STEVEN LENDMAN
Dateline: Thursday, October 04, 2007

AN ERA ENDED on November 16, 2006 when economist Milton Friedman died. A torrent of eulogies followed. The Wall Street Journal mourned his loss with the same tribute it credulously used when Ronald Reagan died saying “few people in human history have contributed more to the achievement of human freedom.” Economist and former Treasury Secretary Lawrence Summers called him a hero and “The Great Liberator” in a New York Times op-ed; the UK Financial Times called him “the last of the great economists;” Terence Corcoran, editor of Canada’s National Post, mourned the “free markets” loss of “their last lion;” and Business Week magazine noted the “Death of a Giant” and praised his doctrine that “the best thing government can do is supply the economy with the money it needs and stand aside.” Continue reading ‘“Capitalism and Freedom” Unmasked’




 

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