Explain what is Milton Friedman’s argument against Socialism. Why does Friedman believe that a socialist
economic system cannot sustain individual freedom in a Democracy. Do you agree with his argument?
What do you believe SHOULD be the role of a government in a free economy? Are economic freedom and
political freedom different? Must a socialist society inevitably become authoritarian as Friedman argues?
Why or why not? Explain the socialist concept of equality compared to the free-market capitalist concept
of equality. What do you believe SHOULD be the role of a government in a free society? What is the
government’s role in ensuring equality and which concept of equality (equality of outcome vs. equality of
opportunity and equal treatment before the law)? Are there valid arguments against your point of view?
Sample Solution
