Free To Choose: 1990 Edition

The creation of even a simple object like a pencil requires the knowledge and effort of countless individuals. They may not speak the same language or know one another yet the market enables them to collaborate and generate wealth through decentralized coordination.

“When anyone complains about unfair competition consumers beware.” Without government intervention businesses cannot force people to buy their goods. Consumers benefit most when competition remains open free and robust—delivering the lowest possible prices.

Eastern Europe has studied the history of free markets in the United States and seeks to replicate that success. Ironically the U.S. appears increasingly drawn to socialism—despite its long record of economic failure. Introduced by President Ronald Reagan.

In almost every case empowering individuals to choose their own paths yields better results than centralized planning. That principle applies not just to schooling but to nearly every aspect of a modern society.

The desire to have more—to enjoy what those who are better off possess—is a powerful motivator. Friedman argues that governments can at most ensure all citizens have equal opportunity to use their time and talents in pursuit of a better life.