With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
Interpretation
Businessmen often support free enterprise, but they may resist it when it threatens their own interests.
This quote by Milton Friedman highlights the paradoxical nature of many business leaders who publicly advocate for free enterprise but simultaneously seek to protect their own positions and profits. It suggests that while the ideology of free market capitalism is championed, individual interests can lead to contradictory behaviors that undermine the principles of fairness and competition inherent in a truly free enterprise system.
In practice
During a business seminar discussing economic policies, one might use this quote to illustrate the idea of self-interest in capitalism.
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.
You're captives of a civilizational system that more or less compels you to go on destroying the world in order to live. … You are captives—and you have made a captive of the world itself. That's what's at stake, isn't it?—your captivity and the captivity of the world.
I honestly do not know if civil disobedience has any effect on the government. I can promise you it has a great effect on the person who chooses to do it.
I suffer whenever I see that common sight of a parent or senior imposing his opinion and way of thinking and being on a young soul to which they are totally unfit. Cannot we let people be themselves, and enjoy life in their own way? You are trying to make that man another you. One's enough.
Do you know that hope sometimes consists only of a question without an answer?
Contented saturnine human figures, a dozen or so of them, sitting around a large long table...Perfect equality is to be the rule; no rising or notice taken when anybody enters or leaves. Let the entering man take his place and pipe, without obligatory remarks; if he cannot smoke...let him at least affect to do so, and not ruffle the established stream of things.
Society really seems to have developed an unquestioning obedience towards spooky types… Did we get to where we are today via a slippery slope that was entirely within our control to stop? Or was it a relatively instantaneous sea change that sneaked in undetected because of pervasive government secrecy?
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