Socialism and Income Inequality

Here is a YouTube video with Milton Freidman countering a claim that Socialism is the answer to world income inequality. One problem I have with Liberals is that they have this notion that all people should be equal in income regardless of their individual merit and the value of their individual labor and contribution to society. They lose sight of the fact that their beloved collectivist idea of merit-less equality was tried as the very first system of governance in the very first settlement in America. The story is well known. Their collectivist ideas led to starvation and disaster. It was the concept of individualism and the capitalist system that saved the settlers. Watch with me as Milton Friedman explains why Socialism is not the answer.


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