“What kind of society isn’t structured on greed?… So the problem of social organization is how to set up an arrangement under which greed will do the least harm. It seems to me that the great virtue of capitalism is that it’s that kind of system. Because under capitalism, the power of any one individual over his fellow man is relatively small.”

— Milton Friedman

“Interview with Milton Friedman”, Playboy magazine (Feb. 1973)

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Milton Friedman 158

American economist, statistician, and writer 1912–2006

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“Is there some society you know that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed? Of course, none of us are greedy, it's only the other fellow who's greedy. The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty you're talking about, the only cases in recorded history, are where they have had capitalism and largely free trade. If you want to know where the masses are worse off, worst off, it's exactly in the kinds of societies that depart from that. So that the record of history is absolutely crystal clear that there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.”

Milton Friedman (1912–2006) American economist, statistician, and writer

from an interview with Phil Donahue (1979): partial transcript http://www.slobodaiprosperitet.tv/en/node/847 from SiP TV ; or find link to full interview in the External links Section

“Capitalism is a system in which the central institutions of society are in principle under autocratic control.”

Noam Chomsky (1928) american linguist, philosopher and activist

" One Man's View : Noam Chomsky interviewed by an anonymous interviewer http://www.chomsky.info/interviews/197305--.htm," Business Today, May 1973.
Quotes 1960s-1980s, 1970s
Context: Personally I'm in favor of democracy, which means that the central institutions in the society have to be under popular control. Now, under capitalism we can't have democracy by definition. Capitalism is a system in which the central institutions of society are in principle under autocratic control. Thus, a corporation or an industry is, if we were to think of it in political terms, fascist; that is, it has tight control at the top and strict obedience has to be established at every level -- there's a little bargaining, a little give and take, but the line of authority is perfectly straightforward. Just as I'm opposed to political fascism, I'm opposed to economic fascism. I think that until major institutions of society are under the popular control of participants and communities, it's pointless to talk about democracy.