Quote by Milton Friedman

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

History suggests that capitalism is a necessary condition fo

Summary

This quote acknowledges that capitalism is a prerequisite for political freedom but recognizes that it alone is not adequate. It suggests that throughout history, the presence of a capitalist economic system has often been associated with the presence of political freedoms. However, it highlights the importance of other factors and conditions beyond capitalism to ensure true political freedom. In essence, capitalism is seen as a necessary but not a sole determinant for the establishment and preservation of political freedoms within a society.

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By Milton Friedman

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