Tagged: greed

The Profit Motive, Greed, and Tyranny

Our constitution was made only for a moral and religious people. — President John Adams, 1798 Is there some society you know that doesn’t run on greed? — Milton Friedman, 1979 In a famous 1979 interview, Phil Donahue challenged Milton Friedman to defend capitalism against the charge that it fosters greed. Friedman deftly parried that greed motivates men in all nations, not merely...