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Milton Friedman on Business and Free Enterprise

„Business corporations in general are not defenders of free enterprise. On the contrary, they are one of the chief sources of danger....Every businessman is in favor of freedom for everybody else, but when it comes to himself that's a different question. We have to have that tariff to protect us against competition from abroad. We have to have that special provision in the tax code. We have to have that subsidy.“

Milton FriedmanMilton Friedman criticizes businesses that demand free competition while seeking tariffs, tax privileges, and subsidies.
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Milton Friedman was an American economist and a leading figure in the field of monetarism.

Milton Friedman criticizes how businesses seek to limit competition through tariffs, tax privileges, and subsidies.


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Milton Friedman quote about business corporations and free enterprise

Milton Friedman (1912–2006) was an American economist and Nobel laureate, renowned for his contributions to microeconomics, monetarism, and his advocacy of free-market policies. He influenced economic policy in the US and worldwide.

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"Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." Woodrow Wilson
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Quote by Woodrow Wilson about private credit controlling economic freedomCopyright © yoice.net – Quote Artwork
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"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom." Woodrow Wilson
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Milton Friedman quote about competition, private enterprise, and economic freedomCopyright © yoice.net – Quote Artwork
6. July 2019
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"The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline." Milton Friedman
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Milton Friedman quote image about the free market and freedomCopyright © yoice.net – Quote Artwork
5. June 2025
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"Underlying most arguments against the free market is a lack of belief in freedom itself." Milton Friedman
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Noam Chomsky quote about freedom and corporationsCopyright © yoice.net – Quote Artwork
9. July 2023
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"It’s ridiculous to talk about freedom in a society dominated by huge corporations. What kind of freedom is there inside a corporation? They’re totalitarian institutions - you take orders from above and maybe give them to people below you. There’s about as much freedom as under Stalinism." Noam Chomsky
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Quote by Lysander Spooner about freedom, government taxation and state coercionCopyright © yoice.net – Quote Artwork
31. December 2021
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"It is true that the theory of our Constitution is, that all taxes are paid voluntarily; that our government is a mutual insurance company, voluntarily entered into by the people with each other; that each man makes a free and purely voluntary contract with all others who are parties to the Constitution, to pay so much money for so much protection, the same as he does with any other insurance company; and that he is just as free not to be protected, and not to pay any tax, as he is to pay a tax, and be protected. But this theory of our government is wholly different from the practical fact. The fact is that the government, like a highwayman, says to a man: Your money, or your life. And many, if not most, taxes are paid under the compulsion of that threat. The government does not, indeed, waylay a man in a lonely place, spring upon him from the road side, and, holding a pistol to his head, proceed to rifle his pockets. But the robbery is none the less a robbery on that account; and it is far more dastardly and shameful. The highwayman takes solely upon himself the responsibility, danger, and crime of his own act. He does not pretend that he has any rightful claim to your money, or that he intends to use it for your own benefit. He does not pretend to be anything but a robber. He has not acquired impudence enough to profess to be merely a “protector,” and that he takes men’s money against their will, merely to enable him to “protect” those infatuated travellers, who feel perfectly able to protect themselves, or do not appreciate his peculiar system of protection. He is too sensible a man to make such professions as these. Furthermore, having taken your money, he leaves you, as you wish him to do. He does not persist in following you on the road, against your will; assuming to be your rightful “sovereign,” on account of the “protection” he affords you. He does not keep “protecting” you, by commanding you to bow down and serve him; by requiring you to do this, and forbidding you to do that; by robbing you of more money as often as he finds it for his interest or pleasure to do so; and by branding you as a rebel, a traitor, and an enemy to your country, and shooting you down without mercy, if you dispute his authority, or resist his demands. He is too much of a gentleman to be guilty of such impostures, and insults, and villainies as these. In short, he does not, in addition to robbing you, attempt to make you either his dupe or his slave. The proceedings of those robbers and murderers, who call themselves “the government,” are directly the opposite of these of the single highwayman. In the first place, they do not, like him, make themselves individually known; or, consequently, take upon themselves personally the responsibility of their acts. On the contrary, they secretly (by secret ballot) designate some one of their number to commit the robbery in their behalf, while they keep themselves practically concealed." Lysander Spooner
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Link to: Political Climate of Opinion – Quote by Milton Friedman Link to: Political Climate of Opinion – Quote by Milton Friedman Political Climate of Opinion – Quote by Milton FriedmanMilton Friedman quote about creating a political climate that encourages the right actionsCopyright © yoice.net – Quote Artwork Link to: Perception and Morality by Walter Lippmann Link to: Perception and Morality by Walter Lippmann Walter Lippmann quote about perception, moral judgment, and differing factsCopyright © yoice.net – Quote ArtworkPerception and Morality by Walter Lippmann
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