We all act in our day-to-day lives on self-interest. Whether you’re in the United States or China, a liberal or a conservative, everything you do on a daily basis is done on the idea of self-interest. The only difference is what’s the determination of self-interest. This is what legendary economist Milton Friedman talks about in this video regarding capitalism, personal gain and self-interest. He quips that an American is working in the self-interest of not being fired, while the Russian is working in the self-interest of not being fired at.
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