In the video below, Milton Friedman explains why socialism is fundamentally flawed.
The essential notion of a capitalist society is voluntary cooperation, while the basis of socialism is force. “Whenever we depart from voluntary cooperation and try to do good by using force, the bad morale value of force triumphs over good intentions,” he says.
Government is the large scale managing of relationships between people and those relationships should be based on respect, not use of force.
