"We have a system that increasingly taxes work and subsidizes nonwork." and... "Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another." Milton Friedman

A major source of objection to a free economy is precisely that it... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself." Milton Friedman

See, I can pick quotes too... next time tell the entire story rather the one that fits your flawed narrative. Socialism is even more demanding of ethics and morals, which it woefully lacks in all cases. It requires politicians and corporatists to be moral replacements for indust

Friedman also advocated for a flat tax where EVERYONE pays in, not just the top 50% of wage earners. Seems fair to me. shortform.com/blog/milton-fr…

Smith also argued for better wages, education, working conditions, living conditions and free time for workers. He say the workers getting a much larger share of the wealth as economically, morally, and religiously important. He also hated the rentier class.

They Lied

It can't exist in any ethical context bc capitalism requires exploitation to function.

"within an ethical context" well adam smith: #capitalism is a dog that eats the leash.

“Contrary to the contemporary version of it, classical liberalism…focused on the right of people to control their own work, and the need for free creative work under your own control—for human freedom and creativity” -Noam Chomsky

“Everyone reads the first page of The Wealth of Nations about how wonderful the division of labor is. But not many people get to the point hundreds of pages later, where he says that division of labor will destroy human beings" - Noam Chomsky