Legendary economist Milton Friedman famously said that the biggest danger to the free-enterprise system is enterprise itself.
It made sense because large corporations rely on government subsidies, favors, and lobbying to get their way. It’s an interesting analysis, but it’s a correct one, especially when you see a company like Amazon get billions of dollars from municipalities.
John Stossel is out with a superb video that looks at why some capitalists are destroying capitalism:
It’s food for thought on this Wednesday!
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