With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
Interpretation
Businessmen often support free enterprise, but they may resist it when it threatens their own interests.
This quote by Milton Friedman highlights the paradoxical nature of many business leaders who publicly advocate for free enterprise but simultaneously seek to protect their own positions and profits. It suggests that while the ideology of free market capitalism is championed, individual interests can lead to contradictory behaviors that undermine the principles of fairness and competition inherent in a truly free enterprise system.
In practice
During a business seminar discussing economic policies, one might use this quote to illustrate the idea of self-interest in capitalism.
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.
Language is legislation, speech is its code. We do not see the power which is in speech because we forget that all speech is a classification, and that all classifications are oppressive.
I see at intervals the glance of a curious sort of bird through the close set bars of a cage: a vivid, restless, resolute captive is there; were it but free, it would soar cloud-high.
War is by definition the indiscriminate killing of huge numbers of people for ends that are uncertain. Think about means and ends, and apply it to war. The means are horrible, certainly. The ends, uncertain. That alone should make you hesitate. . . . We are smart in so many ways. Surely, we should be able to understand that in between war and passivity, there are a thousand possibilities.
A conscious attempt to fall asleep is sure to produce insomnia, to try to be conscious of one's own digestion is a sure way to upset the stomach. Consciousness is a poison when we apply it to ourselves. Consciousness is a light directed outward. it's like the headlights on a locomotive—turn them inward and you'd have a crash.
Tell me, where in life is there a value that would make us consider suicide uncalled for on principle! Love? Or friendship? I guarantee that friendship is not a bit less fickle than love and it is impossible to build anything on it. Self-love? I wish it were possible.
The eyes of the soul of the multitudes are unable to endure the vision of the divine.
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