Technology and Capitalism
Technology can adapt to Socio-political system - Technology is limited
The Road to Crony Capitalism MICHAEL C. MUNGER AND MARIO VILLARREAL-DIAZ
- Crony capitalism is an economy in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class.
Friedman argues for economic freedom as a precondition for political freedom. He defines "liberal" in European Enlightenment terms, contrasting with an American usage that he believes has been corrupted since the Great Depression. His views are especially popular among American conservatives and libertarians.