13 December 2004

Milton Friedman in the WSJ:

To summarize: After World War II, opinion was socialist while practice was free market; currently, opinion is free market while practice is heavily socialist. We have largely won the battle of ideas (though no such battle is ever won permanently); we have succeeded in stalling the progress of socialism, but we have not succeeded in reversing its course.

Via Peter Gordon

Update.  It occurs to me that socialism is doing so well precisely because we have not won the battle of ideas.  While we may have persuaded people that state ownership of (how shall we put it) commercial industries is a bad thing they are yet to be so convinced about regulation and state ownership of (largely) non-commercial industries such as health and education.

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