Free markets promote social cooperation from "summary" of Free to Choose by Milton Friedman
The operation of a free market promotes social cooperation because it gives people an incentive to cooperate with one another in order to serve their own interests. When individuals engage in voluntary transactions in a free market, they do so because they believe that they will benefit from the exchange. This mutual benefit is what drives people to work together and cooperate with one another. In a free market, individuals are free to pursue their own self-interest, but they can only do so by serving the interests of others. This is because in order to be successful in a free market, individuals must provide goods and services that others value. In other words, they must cooperate with others in order to achieve their own goals. The key to social cooperation in a free market is the price system. Prices provi...Similar Posts
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