award we remember milton friedman being the economic advisor to a gusto pinochet so it's very clear what's happening here what the agenda is and for average venezuelans who at rates of over eighty percent oppose sanctions and oppose u.s. military intervention this crew that is surrounding why go and most of them actually exist outside venezuela are anathema because they have been responsible for so much violence in that country and so much destabilization. but again that's why washington is supporting them it's not about democracy it is not about human rights it's about oil and really briefly because we're running out of time from your point of view what makes one of so attractive such an attractive candidate for washington. where there is actually more and. a better known figure in his popular will party jose andres may he who is not selected because may he looks a lot like me he's white he's very wealthy he went to an elite private school may he comes from a more middle class background he looks more like average of attis whalen's and so he was the perfect person to kind of sell t

now, milton friedman proposed and heritage supports a voucher system. so that parents and -- can take the voucher and go choose a school. whether it's a government-run school or a private run school. and that competition is likely to drive out the schools that are notably inferior and allow low income students to achieve the same kind or similar kind of results as middle income or higher income people that currently send their kids to proift or parochial school. i think that's a central part of it. another part of it is welfare reform and reform to the many dozens of poverty programs we have. this is a central point there, we shouldn't reward people for countertructive behaviors and we should encourage productive behaviors. in the sense of desirable behavior. particularly work. and throughout the welfare program that we have today we basically encourage people not to work. work is -- virtually no one who works full time is going to be poor very long. because once they develop a record of showing up on time and doing a good job, they'll at least enter th

milton friedman proposed, and heritage supports, a voucher system so that parents can take the voucher and choose a school whether it is a government run school or private run school and that competition is likely to drive out the schools that are notably in fear and allow low income students to achieve the same kind or similar kind of results as middle income or higher income people as private or parochial schools and that is part of it. another part of it is welfare reform and reform to the many dozens of poverty programs we have. the central point is we shouldn't reward people for counterproductive behavior and we should encourage productive behavior in the sense of desirable behavior particularly at work and throughout the welfare program that we have today we encourage people not to work. work is virtually no one that works full-time is going to be poor very long because once they develop a record of showing up on time and doing their job at least in the lower middle class and brookings in the urban institute has done good work on this and among people, i forget the precise number

economics was was holding before and we know that over this the last forty years most of what milton friedman and the virginia school of economics which nancy may claim professionally talks about in democracy in chains is this notion of free markets kind of restructuring democracy in the canon was really in the no notion of let's go restructure what let's democracy take hold so that corporations and wall street can run amok essentially that you take away the ability for the common citizen to use alexion results to kind of overturn or or impose what they want right we don't want to wreck referendums for instance it doesn't work i mean if you look at the results of the last forty years it doesn't work so i don't think it's a cycle i think finally we have a young person a you know a millennial coming out and saying the emperor has no clothes and she has a platform that didn't exist before where she can go on instagram she. tweet you can do other things and people are listening for the first time and we don't have it filtered by the mainstream media that is interest is to sell new bills ok right

. >> it may have been milton friedman who said if you want to understand how expensive something is,ree. does that apply here? >> absolutely. what sounds free has got to be paid for. >> when you look at all of that, it's worth pointing out there is significant support for a medicare for all program. people will get more details. look at the most recent polling data from this month. 56% in favor, 42% opposed. when you call this medicare for all. if you remind people that it might mean you will lose your private insurance the numbers flip. 58% oppose, 37% in favor. then if you also say this is probably going to mean a tax increase for everybody because it's not just income tax, it's payroll tax, sales tax, look at the numbers. 60% then oppose. this will evolve over the next several months for sure. >> it is. sanjay, good to see you. thank you. >> great discussion to have this entire campaign season. "the good stuff" is next. eate ar visitor experience. improve our workflow. attract new customers. that's when fastsigns recommended fleet graphics. yeah! now business is rolling in. get st

. >> reporter: i think it was milton friedman who said if you want to understand how expensive somethinge. does that apply here? >> oh, absolutely because what sounds free has got to be paid for. >> reporter: a lot of numbers, erin, as you saw in that piece. these numbers are going to change. let me tell you something else, if you look at medicare for all in terms of popularity, more people like it than opposed to it. take a look there. if you ask about this, if you start to layer in more information, for example, you may lose your private insurance. then you see the numbers start to flip, 58% oppose it if they find their private insurance might be eliminated. taxes, again, the big one there. if you remind them taxes will go up to pay for this, 60% then oppose it. erin? >> pretty interesting, some pretty crucial information changes the numbers so very much. sanjay, thank you. >>> and next, jeanne on trump's global whammy. ing good! at booking.com, we can't guarantee you'll good at that water jet thingy... but we can guarantee the best price on this hotel. or any accommodation, from homes

. >> you mentioned milton friedman. he started the shift in what a corporation should be. he wrote that they shouldn't be involved in worrying about communities and corporate responsibilities or even employee employees and the stakeholders. that is to do a return on investment and that sort of got incorporated. >> what you are seeing is the backlash. the reason why they run the largest investor in the world, $6 trillion who oversees through the plans and everything else, and he is seeing it in these investments. you haven't been spending enough time thinking about the other stakeholders. customers being one of them and being privacy issues and washington and regulators. if you don't think of those things, that's going to come back and impact your stock price and earnings. whether advertisers. it is and all of the stakeholders do matter and matter to profits. if you go down the line, at some point you run up against the wall against these other constituents and if you haven't figured that piece of it out, it's going to impact the profit piece. >> that's a fail. to what exte

milton friedman had called for them. the frasier institute had been involved in creating an idea for the index. there was a lot of people, a lot of chatter, trying to see if we could do this. he asked me if i thought our staff could do it. i said, sure. we set to work. and the first publication in 1995 was the result. now, the question is often put to me about why did we decide to do this at the end of the mid-1990s. there were actually many reasons for it. one was to offer policymakers a guide to how well foreign aid worked or did not work. that was the topic at the time. and that was sort of the issue that kind of pushed us over the edge when we asked ourselves the question, okay, well, you can do a theoretical study like this but what is the policy payoff? we're up here on capitol hill, the heritage foundation tries to offer solutions to policy questions, and so that was the -- sort of the issue of entry into making that final decision. but actually, thinking back, the biggest reason we decided to do it was that the c

as milton friedman said, it is a moral crime to lock anybody up for drugs. i went to the drug abuse deals. i would tell them, i do not want help, i have no desire whatsoever to stop using. why would they waste their dollars to not let me go and have to attend about stuff? host: william in texas talking about criminal justice reform, an issue in a number of states. let's go to william in michigan. what is happening in your state? what are the big issues? caller: as always, it should be schools and health care for most people. they have all this money they seem to throw around. it is a shame it does not get thrown to the right places. we have a new governor. she is he is turning -- turning things around so far, trying to work with the people. health care is a big thing, especially for people for load because of the strike. load becauseng for of the strike. haveve in michigan, we bridges, we have people coming back and forth all the time, we do not need a wall, we need a security presence. about thekeep saying $5.6 billion they want for the wall that mexico was

most of the time, especially ever since milton friedman's famous article that the social responsibilityf business is to maximize profit, people have bought and theorized that business and capitalism is only about profit. everything else revolves around that. employees, suppliers, customers, everyone is a means to achieve maximum profit in the same way that before copernicus articulated the idea of the earth rotating around the sun, most people thought the sun rotated around the earth. conscious capitalism engages in the same inversion that copernicus did in thinking about the solar system but around the placement of people in the role of business and capitalism it's not that profit is bad, profit is fantastic . it is the fuel that keeps businesses going, it's an indicator of value creation but it's not the end-all be-all of business. profit is a means to making people's lives better. it's on the mentally, that's what business capitalism is about, it's about people and when people are at the center of the universe of business and capitalism with profit and everything else rotating around