Friedman's Rise and Fall

Anyone who lived through the fall of the Berlin Wall in 1989 will remember the pitiable figure cut by the Eastern Bloc residents interviewed back then. They looked stunned, tongue-tied, disoriented, like rescuees emerging into the sunlight after days in a collapsed mine. Whether they were philosophers, firemen, or housewives, how inconsequential appeared the lives they had spent “building communism.” The vision of Karl Marx—only lately passed off as a magical combination of charity, machismo, and economic rationality—now looked mediocre and servile.

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