Milton Friedman - Your Greed or Their Greed?

What Hacker News said

Cites solutionyogi · 2009-08 · on “Mark Cuban: The most patriotic thing you can do is "get rich"”

In India, we don't have any department like FDA and it works just fine. The market forces will ensure that only those companies who provide edible food survives and rest are driven out of business. Taking your own example, after Sinclair's book, didn't meat sales fell by half? Did you need FDA to see that consumers didn't eat that meat? Let's imagine that government did not create FDA after that book and meat sales continue to decline. Don't you think that meat companies would have come up with a plan to restore consumer confidence? They would change their practices, advertise the fact that they are not clean and safe. They would have asked independent journalists to visit their facility. An

Cites crusso · 2013-11 · on “What It's Like to Fail”

All I know is that if we rely on the free market to figure all of this out The government creates bubble after bubble causing enormous amounts of economic dislocation in the housing market, college loans, healthcare, and on and on... and your conclusion is that somehow the free market is the problem or at very least not the solution? contributing their unique gifts to the betterment of humanity No system throughout history has ever contributed more to the "betterment of humanity" than the free market. As with so many things, Friedman said it best: [this video]

Cites patrickaljord · 2014-02 · on “Scaling to millions of simultaneous connections (2012) [pdf]”

I'm fine with people hating money, but people hating the love of money? Sounds like personal issues to me. I don't hate hating money as I don't have a personal grudge against people who hate money but it sounds like you do with people who love money. Oh, and I used to think greed was bad too, like when I was 12 but since then I've figured every single one of us act out of greed all the time and waiting for a greedless messiah is naive at best [this video]

Cites zeroxfe · 2015-06 · on “Google Launches Sidewalk Labs”

> Capitalism destroys. All systems destroy. Destruction is a natural phenomenon. The difference is that capitalism creates more than it destroys, and (empirically) creates more than any other economic system. > Greed destroys. On greed: [this video]

Cites patrickaljord · 2016-04 · on “EU hits Google with second antitrust charge”

The open source community is terrible at UX, Android is the first usable mobile OS based on linux with a good UX and I'm typing this from my Ubuntu laptop. Second, Android is already available as open source and there are a few open source distro, they are not thriving. Finally, we're all greedy so let's not be judgmental here :) [this video]

Cites witty_username · 2017-02 · on “Understanding the economic significance of the light bulb”

What is wrong with greed? Most people want more money. Is it wrong for a poor person to earn more money? [this video]

Cites patrickaljord · 2017-03 · on “Uber is forcing drivers in Seattle to listen to anti-union propaganda”

> the logical conclusion is a race to the bottom fuelled by greed (of the business) If that were true, we would all be paid minimum wage, which is not true. As you gain experience, you bring more value and therefor employers are forced to pay you more, which is demonstrated by reality as I said, we're not all paid minimum wage for exactly that reason. Race to the bottom happens when the minimum wage gets so high that even qualified people get minimum wage and the rest are just unemployed and don't get anything at all. About greed, are you're aware what greed is? Here's Milton's 3 minutes video on it [this video]

Cites trentnix · 2017-06 · on “Economic Inequality Is Worse Than We Think (2015)”

I've never understood using income inequality as a measure of the health of a society. As Milton Friedman said, the only place where people are equal is in a prison and in the grave. Milton Friedman on greed and income inequality: [this video]