Milton Friedman, American economist, New York Times #1 bestselling author of Free to Choose, and winner of the 1976 Nobel Memorial Prize in Economic Sciences would be having a field day with Speaker of the House Nancy Pelosi, U.S. Representative Alexandria Ocasio-Cortez, U.S. Senator Bernie Sanders, and the 116th Congress. New York Congresswoman Ocasio-Cortez is the 29-year-old freshman sensation receiving wall-to-wall doting attention from MSM luminaries and modernists, Facebook and Twitter wannabees, and Secular Age soothsayers. She earned a degree from Boston University before tending bar in Manhattan, while mixing up cocktails was the last job she held in the fall of 2018 before upsetting former New York Congressman Joe Crowley. Distinctive in appearance, Ms. Ocasio-Cortez is a card-carrying member of the Democratic Socialists of America. This, if we are to believe the media, puts her on a par with the British-born American industrialist Samuel Slater [1768-1836]. Bringing British textile technology to America, Slater opened in 1790 the first industrial [cotton spinning] mill in Pawtucket, Rhode Island. Often viewed as an early landmark moment in the American Industrial Revolution, it earned him the informal title ‘Father of the American Industrial Revolution’.
Media elites and secularists appear to have accredited newly elected Congresswoman Ocasio-Cortez with the skill set to lecture Americans on the main sectors of the economy, including agriculture, building, services, manufacturing, finance, foreign trade, resources and government.
In 1979, Dr. Milton Friedman was featured on the Phil Donahue Show. Friedman argued that personal freedom “has been eroded by government regulations and agencies while personal prosperity has been undermined by government spending and economic controls.” As one would expect from a Nobel Prize-winning economist, Friedman held court that day, showcasing a depth of knowledge and understanding required to answer, explain, and assess the history and driving force of free enterprise. Socialists like Ms. Ocasio-Cortez and Bernie Sanders would do well to take notice.
‘Free Enterprise’ is a type of economy where products, prices and services are determined by the market, not the government. It’s capitalism, not communism. Things that are free are unconstrained, and a business is an enterprise. So, free enterprise refers to an economy where businesses are free from government control. In a free enterprise, prices go up and down because of supply and demand. If there’s high demand, prices go up. If there’s low demand, prices go down. Free enterprise is when private companies compete for profit without government interference.’ ( https://bit.ly/2E8shhU ) |