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By Friedrich (anonymous) | Posted December 06, 2007 at 22:05:43
Klein's confusion of the current US economic system with the Free Market is symptomatic of the general economic illiteracy among the semi-literate elite. The US politically hampered economy is little more than a new installment of the Fascist principle that profits are privatized, while losses are socialized. Giving billions of free money to well-connected companies is not free market economics but piracy. Friedman makes a convenient scape goat for the economically illiterate who confuse Friedman's questionable moral judgement with his sound ideas about economics.
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