“A worker is protected from his employer by the existence of other employers for who he can go to work. An employer is protected from exploitation by his employees by the existence of other workers whom he can hire. The consumer is protected from exploitation by a given seller by the existence of other sellers from whom he can buy.”

—  Milton Friedman, book Free to Choose

Source: Free to Choose (1980), Ch. 8 "Who Protects the Workers?", p. 246

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Milton Friedman photo
Milton Friedman158
American economist, statistician, and writer 1912–2006

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