Question

Explain what Friedman means by “No more mint-chip. No more Strawberry Swirl. No more Lemon-Lime. Just free-market vanilla and North Korea.” What does this mean in terms of comparative economic systems?

Answer 1

o who Frideman says there is only one thing to say about those alt omatives: They didn't work. And the people the people who rendered that judgement were lired under them. so with the collapse of communism in Europe, in the soviet union and in china- and all the walls that protected these system, those people who are unhappy with the Darwinian brutality of free mootcut capitalism don't have any reaay ideological alternative now, when it comes to question of which system to to day is the most effective at generating rising standards of living, a loistorical elebate is over. The answer is free market capitalismo may be able to distribute and divide income more ebficiently and equitably, but hone can generate income to distribute aj erbiciency a free market capitalism. And more and more know so ideologically speaking the systems people not ICS Scanned with CamScanner

2 bo there is more mint chocolate trip, there is no more strawberry swirl and there is no more lemon. time. Today here is the only fore market vanila and Horth kora. There can be different brande of pree market vanill aina you to it by going faster or slower. But in the end. want wigher standards of living in a world without walls the free market is te alternati can adjust your society it you ideological only re left one road. different speeds But one road. when your country recognizes this fact, when it recognizes the rules of the free market in today, global economy and decides to abide by them. It prets on what i call the Golden Straitjacret. The straitjacter is the defining political economic garment era. The cold war had the mao scuit, the Mehry jackt, the Rusian tur. Globalization has only the Golden strauljacki it your country hou not been titted for one. it will be soon. ob this CS Scanned with CamScanner