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Milton Friedman -- The Voodoo Messiah

Updated on August 29, 2011

The Prince Of Voodoo Economics

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible."
I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible."

Who Put the Hex on Democracy?


Republicans, Conservatives, Tea Party supporters, Thatcherites,  and Reaganists follow their Messiah  -- Milton Friedman.  The Voodoo Messiah preaches liberty and freedom,  no more intervention by big government, “free markets” and economics is the ruling “science” in governing our society resulting in privatization and profits.  This Nobel Laureate of Economics, more than any other individual, had transformed the economic landscape worldwide.  Milton waved his magic wand and place a hex on many countries over the last four decades.  These countries showed great potential  to provide for their people, lifting them up from poverty, raising their education standards, human rights for all and express their new freedoms through democratic means.  Through several American institutions, like the World Bank, International Monetary Fund and the CIA, Friedman’s brand of economics became political mechanism to cause crises in the form of riots, military control of the government, stripping the people of their rights,  reducing any kind of independence they had enjoyed.   These countries include New Zealand, Iceland, Indonesia, Nigeria, Columbia, Argentina, Philippines, Zaire (Dem. Rep. of the Congo), Ecuador, several countries in Africa, the province of Alberta and with frightening force: The United States of America.

What has happened?   Well, the real player in this charade is the corporation.  The corporation seeks out a country that owns resources that they considered vital or strategic.  Then the corporate “headhunters” go out to convince the leaders of that country that they needed massive loans to develop their natural resources.  However, the “catch”  was that the money wouldn’t be dispensed directly to the country but it would instead pay U.S. corporations to build huge infrastructure projects, such as power plants, harbours, and industrial parks.  The money would come from organizations like the World Bank and the International Monetary Fund. 

Here is the fraud:  The leaders of the targeted country were guaranteed riches beyond their wildest dreams.  The few, wealthy local families who owned businesses that thrive on electricity, exportation, and manufactured goods and their friends will benefit from these ventures.  Oh, by the way, we forgot to mention to you that the primary beneficiaries would be our own companies, the very ones that constructed the project.

Everything is rosy for the leaders of the country and the elite that supports them.  Then, a few years later, the big shots from the corporations  as they are rubbing their hands,  state “ Oh, by the way, you’re about to default on those massive loans you accepted!”

But, not to worry, we will fix everything.  All you have to do is sell your oil (or some other resource) cheap to our corporations, drop the environmental  and labour laws that make it tough on us, agree never to impose tariffs on U.S. goods, privatize your utilities, schools, and other public institutions and sell them to our companies.

This is how the Third World Countries who were doing well, fell – at the hands of the major transnational corporations.  Look very carefully of what is happening to our own country and see if you can see the similarities.  It is a system that through clever, cunning policies and procedures to allow representatives of companies and members of the U.S. government to move freely back and forth to assure they get what they want.  This is called the corporatocracy.

The North American Free Treaty Organization and the World Trade Organization are the ultimate mastermind tools used by corporations to get rid of national laws and provide the ultimate freedom for the member corporations to do as they please.  This is what the supporting political identities mean by liberty, freedom and free market policy.  This has NOTHING to do with liberties for the middle and poor class.  NO WAY they would be allowed to join the upper classes.  It is a falsehood.  The whole corportocracy is one huge pyramid scheme – the lower classes buy into it but with never see the benefits.  They slaved to help the upper class to get rich and richer.  The middle and lower class become losers.  This like the people in the Third World Countries. 

Now you can get a better picture what has happened globally to the EU and the United States.  We have been played-- by the Republicans, the Tea Party, the lobbyists, the corporations execs and CEOs.  We need some kind of socialist system to get things back into some kind of sanity.  It is insane that we let the top guns ruin the economy for the sake of the very few filthy rich barons.  Laws are met to help us avoid catastrophes like the economic collapse of 2008. 

Government is not too big.  What does that mean anyways?  Too many people?, Too much money? Too many laws?  What is the job of the government anyways?  Can’t make laws, can’t impose higher taxes on corporations, can’t create jobs, can’t protect our utilities, our water, our food supply, our farmers, our democratic system.  What then?  Make policies that can only benefit global identities like transnational corporations.

In case you haven’t figured it out, we no longer have a democracy.  We have a dictatorship run by the corporations.  Liberties only maintains to them.  As long as lobbyists and corporations can make contributions to the political arena, there can never be a democracy.

Bottom line, people we need a revolution.



 A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both."

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 "The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy."

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 That's the way the free market system distributes the fruits of economic progress among all people. That's the secret of the enormous improvements in the conditions of the working person over the past two centuries."

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 Well first of all, tell me: 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.

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    • profile image

      Shroomduke 5 years ago

      Free Market = Magic Beans

      Don't sell the family cow for magic beans!

      it's a scam, rebranding of an old con game!

      Try this exercise; describe how you would design a society, say your 100,000 people stranded on an island, how would you organize yourselves, how would you insure survival, improve living conditions, address conflicts, keep people safe and take care of the sick, the old and the young. What are your priorities?

    • road2hell profile image

      road2hell 6 years ago from Linden, AB

      Thank you, AKA Winston. I wonder how did the Chrisitain sector ever got involved in right-wing politics. I think you have answer my question.

    • profile image

      AKA Winston 6 years ago

      Milton Friedman and the Chicago School of Economics have more in common with a priest and his religion than with a scholar and his school. The Chicago School is a theistic-based ideology that assumes man is superior to animals and thus can be counted on to act rationally - but time and again we human apes resort to animalistic instincts of panic and fear and unfounded exhuberance.

      It also slavishly follows its dogma that markets are efficient and price always equates to demand and supply so that bubbles are impossibilities.

      If your dogma doesn't accept bubbles, how can one form?

      Reality is based on analyzing data to determine a reason for the actions; ideologies like the Chicago School start with a false assumption and then coerce their perception of reality into a dogmatic black hole so dense that even reality cannot escape it.

    • profile image

      Howard Schneider 6 years ago from Parsippany, New Jersey

      Great Hub Road2hell. I do not believe at adhering to any one economic system or any system of any kind. We must have hybrids that come up with common sense solutions that work. Capitalism was what we started with and it ran off the rails due to greed. In the early 20th century anti-trust laws were imposed because the industrialists of the day were taking over the economy of the country. The Great Depression brought us our social safety net and regulations to curb greed and evil impulses. They are being cut now and Corporate America is seeking to take this control all back. The Koch Brothers embody this. Milton Friedman and Ayn Rand got this ball rolling and it is culminating now. Beware of 2012.