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The Nature of Socialism Explained in 5 Short Videos by Milton Friedman

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Socialism is Force

Socialism vs. Capitalism

The Rise of Socialism is Absurd

What is “Democratic” Socialism?

Milton Friedman vs. Socialist Michael Harrington

The Emotional Appeal of Socialism Despite Its Long History of Failure

From Milton Friedman’s Introduction to “The Road to Serfdom” by Frederick Hayek:

Road to Serfdom Cover

To understand why it is that ‘good’ men in positions of power will produce evil, while the ordinary man without power but able to engage in voluntary cooperation with his neighbors will produce good, requires analysis and thought, subordinating the emotions to the rational faculty.

Surely that is one answer to the perennial mystery of why collectivism [and socialism], with its demonstrated record of producing tyranny and misery, is so widely regarded as superior to individualism, with its demonstrated record of producing freedom and plenty. The argument for collectivism is simple if false; it is an immediate emotional argument. The argument for individualism is subtle and sophisticated; it is an indirect rational argument. And the emotional facilities are more highly developed in most men than the rational, paradoxically or especially even in those who regard themselves as intellectuals.

Experience has strongly confirmed Hayek’s central insight—that coordination of men’s activities through central direction and through voluntary cooperation are roads going in very different directions: the first to serfdom, the second to freedom. That experience has also strongly reinforced a secondary theme—central direction is also a road to poverty for the ordinary man; voluntary cooperation, a road to plenty. The battle for freedom must be won over and over again. The socialists in all parties to whom Hayek dedicated his book must once again be persuaded or defeated if they and we are to remain free men.

I’m Terence, a musician, writer, father, believer, consultant, pilot, and former computer guy. McGillespie.com is the primary outlet for my contribution to the world. It’s the virtual home base of my legacy. Here, I write and create things I hope will truly benefit others. Fore more, please see https://mcgillespie.com/about/

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