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The segment considers how the quality of life differs in the world’s freest economies (e.g. Hong Kong, Singapore, New Zealand, and the United States) compared to countries like the Congo, Zimbabwe, and Venezuela. Milton Friedman argues that free economies prosper because individuals will achieve their objectives more fully when they are left free to choose for themselves. Friedman states that “nobody spends someone else’s money as carefully as they spend their own.”
SEGMENT 18 / MECA DVD