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Milton Friedman: A concise guide to the ideas and influence of the free-market economist by Eamonn Butler

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Chapter 7. Freedom and Equality

“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”

– Milton Friedman, Free to Choose

The myth that capitalism creates inequality is easily exposed, said Friedman. Inequality has thrived most in non-capitalist countries – feudal societies such as pre-revolutionary Russia or China, or government-dominated societies like the same pair today. The pay of a manager in Soviet Russia was a much larger multiple of the pay of a manual worker than it was in the United States at the time. Communist China was a much more divided country than neighbouring Taiwan or Korea, with a rich elite alongside millions of peasants in abject poverty. ...

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