The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.
How can we keep the government we create from becoming a Frankenstein that will destroy the very freedom we establish it to protect? Freedom is a rare and delicate plant.
Interpretation
What this quote means
The quote questions how to prevent government power from undermining the freedoms it is meant to protect.
Milton Friedman raises a critical concern about the nature of government and its potential to overreach and threaten the very freedoms it was established to safeguard. He likens freedom to a fragile plant that requires careful cultivation and protection, suggesting that unchecked governmental power could transform into a harmful force, akin to the monster in the Frankenstein myth, that ultimately destroys the liberties of the people.
Themes
In practice
Example use cases
During a seminar on civil liberties, one might quote this to discuss the balance between government power and individual rights.
More from Milton Friedman
All quotes βUniversities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.
There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
There is one and only one social responsibility of business - to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.
The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive. If forces them to put up or shut up. They either have to deliver the goods, produce something that people are willing to pay for, are willing to buy, or else they have to go into a different business.
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The burgeoning field of computer science has shifted our view of the physical world from that of a collection of interacting material particles to one of a seething network of information. In this way of looking at nature, the laws of physics are a form of software, or algorithm, while the material world-the hardware-plays the role of a gigantic computer.
...she knew in her heart that nature has a preference for a particular order: parents die, then children die. But it was a harsh design, offering little relief from pain, for being in accord with it means that the fortunate find themselves orphaned.
The God who gave us life, gave us liberty at the same time.
The pagan loves the earth in order to enjoy it and confine himself within it; the Christian in order to make it purer and draw from it the strength to escape from it.
Religion is for people who fear hell, spirituality is for people who have been there.
Drunkenness is nothing but voluntary madness.