Profit Motive & Evil Corporations?
In the era of “evil corporations” and full-scale assault on free markets and capitalism, I thought I would share a video of Friedman debating a student at Cornell about self interest and corporations’ profit motive.
In the first video, the student quizzes Friedman about a power company that turned off service for non-payment of bills that resulted in an old man’s death.
In the second video, the student complains about Ford not installing a $14 piece of plastic on its Pinto model, that resulted in 200 deaths.
No one does a better job than Mitlon Friedman in explaining the simple concepts of free markets and capitalism.