Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production that produce the national income. The U.S. is now 45 percent socialist.


Article "We Have Socialism, Q.E.D." in The New York Times (31 December 1989)

Milton Friedman Quotes

Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production...

Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production...

Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production...

Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production...