Business Quote by Milton Friedman
“If we have system in which government is in a position to give large favor - it's human nature to try to get this favor - whether those people are large enterprises, or whether they're small businesses like farmers, or whether they're representatives of any other special group. The only way to prevent that is to force them to engage in competition one with the other.”
About This Quote
Source Speech: Economic policy lecture, 1970
Government favors can be abused; competition prevents concentration of advantage.
In simple terms: Competition curbs favoritism and abuse.
Key Takeaway
Promote fair competition in policy.
Themes
economics
government
policy
ethics
fairness
competition
corruption
public‑interest
Mood
analytical
critical
Type
academic
policy‑oriented
When to use this quote
- public procurement
- small business support
- anti‑corruption reforms
Key Concepts
political economy
regulation
antitrust law
Questions to Reflect On
- How can we ensure competition is truly fair?
- What safeguards prevent collusion among competitors?
A Different Perspective
Competition alone may not address systemic bias.
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