Free To Choose (1980) Anatomy of a Crisis
The Great Depression has been popularly viewed as a failure of capitalism. The stock market crash, the failure of the Bank of the United States, loss of personal savings, were visible symbols supporting this belief. As Friedman explains, the real cause was the unseen failure of government policy and action. Yet this crisis resulting from government failure leads to decades of government expansion.
A ground-breaking PBS television series hosted by economist Milton Friedman. These programs, filmed on location around the world, aim to help people understand the close relationship between the ideas of human freedom and economic freedom. The interaction between those ideas has created in the United States the richest and freest society the world has ever known. Friedman sees this success threatened by the tendency in the last few decades to assume that government intervention is the answer to all problems. In this series he focuses on basic principles. How do markets work? Why has socialism failed? And can government help economic development?
Primary Title
- Free To Choose
Episode Title
- Anatomy of a Crisis
Date Broadcast
- Saturday 23 August 1986
Release Year
- 1980
Start Time
- 11 : 30
Finish Time
- 12 : 00
Duration
- 30:00
Episode
- 3
Channel
- TV2
Broadcaster
- Television New Zealand
Owning Organisation
- Broadcasting Corporation of New Zealand
Programme Description
- A ground-breaking PBS television series hosted by economist Milton Friedman. These programs, filmed on location around the world, aim to help people understand the close relationship between the ideas of human freedom and economic freedom. The interaction between those ideas has created in the United States the richest and freest society the world has ever known. Friedman sees this success threatened by the tendency in the last few decades to assume that government intervention is the answer to all problems. In this series he focuses on basic principles. How do markets work? Why has socialism failed? And can government help economic development?
Episode Description
- The Great Depression has been popularly viewed as a failure of capitalism. The stock market crash, the failure of the Bank of the United States, loss of personal savings, were visible symbols supporting this belief. As Friedman explains, the real cause was the unseen failure of government policy and action. Yet this crisis resulting from government failure leads to decades of government expansion.
Classification
- G
Owning Collection
- Chapman Archive
Broadcast Platform
- Television
Languages
- English
Captions
Live Broadcast
- No
Rights Statement
- Made for the University of Auckland's educational use as permitted by the Screenrights Licensing Agreement.
Subjects
- Economic policy
- Capitalism
- Free enterprise
- History, Modern--1945-1989
- History, Modern--1989-
Genres
- Documentary
Hosts
- Milton Friedman (Host)
Contributors
- David Filkin (Director)
- Michael Latham (Producer)
- Public Broadcasting Service (Production Unit)
Subjects
- Economic policy
- Capitalism
- Free enterprise
- History, Modern--1945-1989
- History, Modern--1989-