Since the 1930s the technique of buying votes with the voters' own money has been expanded to an extent undreamed of by earlier politicians.
Interpretation
Friedman highlights how politicians have increasingly used public funds to secure votes, making voters complicit in their own manipulation.
In this quote, Milton Friedman criticizes the practice of politicians using taxpayer money to gain favor with voters. He suggests that this technique, which involves providing financial benefits or incentives, has grown significantly since the 1930s, indicating a troubling trend where voters are encouraged to vote for their own financial gain rather than for the common good, thus undermining the integrity of the democratic process.
In practice
During a political debate, discussing the implications of using taxpayer money for political gain.
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.
Compromise makes a good umbrella, but a poor roof; it is temporary expedient, often wise in party politics, almost sure to be unwise in statesmanship.
As in forming a political society, each individual contributes some of his rights, in order that he may, from a common stock of rights, derive greater benefits, than he could from merely his own; so, in forming a confederation, each political society should contribute such a share of their rights, as will, from a common stock of these rights, produce the largest quantity of benefits for them.
Look at the coded language the Right is using against President Barack Obama. Openly calling him a liar in Congress, saying he is 'not a Christian, he was not born here, he is not one of us.' That makes addressing such issues trickier for the first African-American in the White House.
The goal of the revolution is to achieve the people's rights, but during the course of the revolution, we must stress military power - and the two are mutually contradictory.
In America any boy may become President, and I suppose it's just one of the risks he takes.
Those against politics are in favor of the politics inflicted upon them.
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