Sunday, July 27, 2008

Free to Choose 1990 - Volume 3: The Failure of Socialism

Topic: The Re-Birth of Freedom in Eastern Europe

Milton says "Everybody knows what needs to be done. The property that is now in the hands of the state, needs to be gotten into the hands of private people who can use it in accordance with their own interests and values." Eastern Europe has observed the history of free markets in the United States and wants to copy our success. Ironically, we seem unable to turn away from the temptations of socialism despite its long history of bankrupting economies. Introduced by Ronald Reagan. Discussion with Gary Becker, University of Chicago and Sam Bowles, University of Massachusetts at Amherst.

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