Innovation thrives in a free society from "summary" of Capitalism and Freedom by Milton Friedman
The fundamental idea is that innovation is more likely to flourish in a society that values freedom. This concept is rooted in the understanding that individuals are best able to unleash their creativity and ingenuity when they are not bound by restrictions imposed by the government or other external forces. When people are free to think, experiment, and take risks without fear of reprisal, they are more likely to come up with groundbreaking ideas and solutions to complex problems. In a free society, individuals have the autonomy to pursue their passions and interests without interference. They can explore new avenues of thought, challenge existing norms, and push the boundaries of what is possible. This freedom to innovate is essential for progress and growth, as it allows for the development of new technologies, products, and services that can improve the qual...
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