Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns
So in one of Frank Knight's essays, he talks about the ethics of competition. And he says, you basically cannot build an ethics out of competition because it would be monstrous to do so. Because it would say, the winner of this competition is ethically right. And that would open the door to sort of might makes right. And this is what Friedman struggles with.
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