Milton Friedman predicted that countries with economic freedom would inevitably develop political freedom, a prediction he later effectively recanted—China became more capitalist since Deng Xiaoping but with heavy state control and without the political liberalization Friedman expected.
factualpending
Speaker
John HartleyEvidence Quote
“countries with economic freedom will inevitably develop political freedom.”
Source
Global Macro Investing And Geoeconomics With Hedge Fund Investor Kyle Bass | Hoover Institution— Hoover InstitutionCreated: 6/18/2026, 2:17:47 PM
My Notes
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