Presented with the kind permission of Free To Choose Network
Summary from the Free to Choose Network
Rising like a phoenix from a troubled past, entrepreneurs have turned Chile’s rich Colchagua Valley into one of the world’s great economic miracles. Chilean wines now compete in the world market. Wine and ingenuity have made Don Melchor a very wealthy man. But if you think Chile is an unlikely locale for entrepreneurial success in the 21st century — consider Estonia, until recently part of the Soviet Union.
Economies all over the world are feeling the impact of free markets.
The world of the 21st century is a world of international markets interconnecting people everywhere — people who have never met, yet inadvertently have become integral to each other’s well being. The genie is out of the bottle. Every minute of every day products from all over the world are moving in perpetual motion.
For over 30 years the United States military has operated as a 100-percent volunteer force. To be successful it must offer attractive choices. The army alone now offers some 300 distinct career paths to attract young men and women to a professional life in the military.
All of these things reflect the economics of choice, the economics of individual freedom that have changed and are continuing to change the world in which we live. Still, individual freedom of choice can spark heated protest in the United States and around the world.
For nearly a century one controversial American has championed the idea that only through economic freedom and the rule of law will lead inevitably to political freedom. His has been a commitment to truth — not as he has imagined it, but as he has found it in the world around him. The rise of a global economy through free markets has underscored the power of his ideas — the power of choice. No one has been a greater proponent of individual freedom and individual choice than Milton Friedman, teacher, scientist and author, revolutionary intellectual, winner of the 1976 Nobel Prize in Economics, and citizen of the world. This is his story, including the impact of his ideas upon people the world over. Included in the program are exclusive appearances by Alan Greenspan, Paul Samuelson, Thomas Sowell, Martin Anderson, Gary Becker and Milton and Rose Friedman.