Humility is the distinguishing virtue of the believer in freedom; arrogance, of the paternalist.
Interpretation
Humility is essential for those who truly value freedom, while arrogance is characteristic of those who impose their will on others.
In this quote, Milton Friedman emphasizes the importance of humility as a necessary trait for individuals who advocate for freedom and self-determination. In contrast, he suggests that arrogance is typical of paternalistic attitudes where one assumes authority over others, diminishing their autonomy and freedom.
In practice
In a discussion about leadership styles, one might use this quote to illustrate the difference between humble and arrogant leaders.
The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.
Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.
There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
There is one and only one social responsibility of business - to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.
The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive. If forces them to put up or shut up. They either have to deliver the goods, produce something that people are willing to pay for, are willing to buy, or else they have to go into a different business.
Nothing else matters much...not wealth, nor learning, nor even health...without this gift: the spiritual capacity to keep zest in living. This is the creed of creeds, the final deposit and distillation of all important faiths: that you should be able to believe in life.
Besides the respect of the lives of human beings, all the animals and plants should be on the list too. That is the real humanitarianism.
Each State, in ratifying the Constitution, is considered as a sovereign body, independent of all others, and only to be bound by its own voluntary act. In this relation, then, the new Constitution will, if established, be a FEDERAL, and not a NATIONAL constitution.
Who does not in some sort live to others, does not live much to himself.
I have named the destroyers of nations: comfort, plenty, and security - out of which grow a bored and slothful cynicism, in which rebellion against the world as it is, and myself as I am, are submerged in listless self-satisfaction.
Habit is the denial of creativity and the negation of freedom; a self-imposed straitjacket of which the wearer is unaware.
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