Donald J. Boudreaux, chairman of the department of economics at George Mason University, writes an excellent article titled Capitalism & Slavery:
The fact is that slavery disappeared only as industrial capitalism emerged. And it disappeared first where industrial capitalism appeared first: Great Britain. This was no coincidence. Slavery was destroyed by capitalism.
Click here to read the entire article.
And since Milton Friedman is the godfather of this blog, here are a few of his thoughts on the topic:
Bevan Sabo
Ariel Goldring
Guest Blogger
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[...] If colonialism paves the highway to riches for colonial powers, why were people in the former Soviet Union so miserably poor? Milton Friedman explains, in this 1978 video clip. [...]
My, how times have changed! Lefty college students actually questioning someone they don’t agree with. In 2009, someone like Friedman would not even be allowed to speak on most campuses.
Super Fly in that hipster outfit looks like an Obama supporter! Friedman: 3,
Super Fly: 0 Conclusion, Don’t mess with Milton Friedman or your clothes will not be the most ridiculous thing about you!