Milton Friedman on Slavery and Colonization
This clip is from the 15-part lecture series, "Milton Friedman Speaks" http://www.ideachannel.com/product_info.php?products_id=1137 Transcript available via FreedomChannel: http://freedomchannel.blogspot.com/2007/12/milton-friedman-on-slavery.html Summary: A student poses a question to Milton Friedman in which he asks for an appraisal of just how exactly the riches that now exist in the so called "capitalist democracies" were obtained and how those countries became so rich so quick. Specifically he asks Friedman to account for the effect that having free labor derived from slavery allowed t...