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Who’d a-Thunk It?

Posted By Don Boudreaux On August 19, 2013 @ 6:41 am In Crony Capitalism,Energy,Trade | Comments Disabled

A corporate CEO proclaims that his concern is for the public interest while he endorses restrictionist trade policies that would increase his own company’s profits [1].  (HT Mark Perry)

Alas, Milton Friedman was correct when he observed that [2]

The broader and more influential organisations of businessmen have acted to undermine the basic foundation of the free market system they purport to represent and defend.

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[1] A corporate CEO proclaims that his concern is for the public interest while he endorses restrictionist trade policies that would increase his own company’s profits: http://www.nytimes.com/2013/08/16/business/energy-environment/foreseeing-trouble-in-exporting-natural-gas.html?pagewanted=1&_r=0

[2] Milton Friedman was correct when he observed that: http://www.spectator.co.uk/features/123247/friedmans-century/

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