Humility is the distinguishing virtue of the believer in freedom; arrogance, of the paternalist.
Interpretation
Humility is essential for those who truly value freedom, while arrogance is characteristic of those who impose their will on others.
In this quote, Milton Friedman emphasizes the importance of humility as a necessary trait for individuals who advocate for freedom and self-determination. In contrast, he suggests that arrogance is typical of paternalistic attitudes where one assumes authority over others, diminishing their autonomy and freedom.
In practice
In a discussion about leadership styles, one might use this quote to illustrate the difference between humble and arrogant leaders.
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.
Universities 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.
For me, justice is the prime condition of humanity.
The great Way is easy, yet people prefer the side paths. Be aware when things are out of balance. Stay centered within the Tao. When rich speculators prosper While farmers lose their land; when government officials spend money on weapons instead of cures; when the upper class is extravagant and irresponsible while the poor have nowhere to turn- all this is robbery and chaos. It is not in keeping with the Tao.
It is written that there shall be a separation, and the sheep shall be separated from the goats. The other preachers have the sheep; I have the goats. And I have a few sheep among my goats, but they are very ragged.
It is in the interest of tyrants to reduce the people to ignorance and vice. For they cannot live in any country where virtue and knowledge prevail.
The world is full of people who are determined to be somebody or to give trouble. They want to get ahead, to stand out. Such ambition has no use for a gung fu man, who rejects all forms of self-assertiveness and competition
That a person cannot and consequently will not defend himself, does not yet cast disgrace upon him in our eyes ; but we despise the person who has neither the ability nor the good will for revenge whether it be a man or a woman.
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