The historical debate is over. The answer is free-market capitalism. Other systems may be able to distribute and divide income more efficiently and e… - Thomas Friedman

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The historical debate is over. The answer is free-market capitalism. Other systems may be able to distribute and divide income more efficiently and equitably, but none can generate income to distribute as efficiently as free-market capitalism.

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About Thomas Friedman

Thomas Lauren Friedman (born July 20, 1953) is an American journalist and columnist who joined The New York Times in 1981.

Also Known As

Native Name: Thomas Loren Friedman
Alternative Names: Thomas L. Friedman
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I was speaking out in Minnesota—my hometown, in fact—and a guy stood up in the audience, said, "Mr. Friedman, is there any free trade agreement you’d oppose?" I said, "No, absolutely not." I said, "You know what, sir? I wrote a column supporting the CAFTA, the Caribbean Free Trade initiative. I didn’t even know what was in it. I just knew two words: free trade."

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One-party autocracy certainly has its drawbacks. But when it is led by a reasonably enlightened group of people, as China is today, it can also have great advantages. That one party can just impose the politically difficult but critically important policies needed to move a society forward in the 21st century.

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