Quote by Milton Friedman

The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way.

The world runs on individuals pursuing their self interests.

Summary

This quote highlights the belief that progress and significant accomplishments in the world are driven by individuals and their pursuit of self-interests, rather than by government bureaucracies. It uses examples of renowned figures like Einstein and Henry Ford to demonstrate that groundbreaking achievements, such as Einstein's theory of relativity and Ford's revolutionization of the automobile industry, were not results of bureaucratic orders or control. Instead, they arose from the initiative, ingenuity, and ambition of these individuals, emphasizing the importance of individualism and personal drive in driving societal advancements.

Topics

Government

By Milton Friedman

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