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Milton Friedman

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This article is part of the Tobacco portal on Sourcewatch funded from 2006 - 2009 by the American Legacy Foundation.

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Milton Friedman formerly taught economics at the University of Chicago, and is regarded as one of the most influential proponents of neo-liberal market economics.

Friedman argued that the only "corporate social responsibility" is for a corporation "to use its resources and engage in activities designed to increase its profits" without deception or fraud. Friedman argued that "only real people, not artificial people like corporations, can have 'responsibilities.'"[1]

Friedman advocated advocated lifting criminal penalties for using illicit drugs.[2]

Ties to the American Legislative Exchange Council

Friedman spoke at ALEC's 33rd Annual Meeting in 2006, about issues including the economy, school choice, education reform, and tax reform.

About ALEC
ALEC is a corporate bill mill. It is not just a lobby or a front group; it is much more powerful than that. Through ALEC, corporations hand state legislators their wishlists to benefit their bottom line. Corporations fund almost all of ALEC's operations. They pay for a seat on ALEC task forces where corporate lobbyists and special interest reps vote with elected officials to approve “model” bills. Learn more at the Center for Media and Democracy's ALECexposed.org, and check out breaking news on our PRWatch.org site.


Tobacco industry association

INFOTAB members solicted Friedman to participate in the multinational tobacco industry's Social Costs/Social Values Project circa 1981, to slow the decline in social acceptabilty of smoking.[3]

Sourcewatch resources


This article may include information from Tobacco Documents Online.

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