Quote by Milton Friedman

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.

What kind of society isn't structured on greed? The problem

Summary

This quote highlights the view that greed is inherently present in any society. It suggests that the challenge lies in finding a social structure that can mitigate the harmful effects of greed. According to the quote, capitalism is perceived as a system that provides such a solution. It implies that capitalism, with its focus on individual self-interest and the pursuit of wealth, offers a framework where greed can be harnessed in a way that is least detrimental to society.

Topics

Capitalism

By Milton Friedman

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