Capitalism and Freedom

"Capitalism and Freedom," by economist Milton Friedman, argues that economic freedom—such as choosing your job, starting a business, or investing—is essential for personal and political freedom. Capitalism, the system where individuals own property and make economic decisions, encourages innovation and efficient resource use. Friedman believes that free markets, with limited government interference, lead to prosperity and individual liberty. However, he also emphasizes the importance of government to protect property rights and maintain a framework for fair competition, ensuring that economic freedom benefits society as a whole.