Free to Choose 05 - Created Equal
Audio in this one is a couple of seconds out of sync.
This episode features Milton attacking his own simplified idea of the socialist idea equality (an argumentative technique known as creating a straw man). He also defends the right to inherit money with a strange statement: that there is no ethical difference between inherited capital and inherited skills. How about practical difference?
Milton: Equality = Cutting the tallest trees down.
The top 10 percent of the US population has an aggregate income equal to income of the poorest 43 percent of people in the world, or differently put, total income of the richest 25 million Americans is equal to total income of almost 2 billion people." (Milanovic 2002, p.50)
There is one good point in the documentary part though: That capitalist societies generally have wealthier citizens.
This episode features Milton attacking his own simplified idea of the socialist idea equality (an argumentative technique known as creating a straw man). He also defends the right to inherit money with a strange statement: that there is no ethical difference between inherited capital and inherited skills. How about practical difference?
Milton: Equality = Cutting the tallest trees down.
The top 10 percent of the US population has an aggregate income equal to income of the poorest 43 percent of people in the world, or differently put, total income of the richest 25 million Americans is equal to total income of almost 2 billion people." (Milanovic 2002, p.50)
There is one good point in the documentary part though: That capitalist societies generally have wealthier citizens.
posted by Tobias at 22:39
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