You proved Krugman is stupid, not Friedman. Almost all claims about so-called "market failure" are just government propaganda designed to justify government interference in the market.
Government propaganda? Are you truly that stupid? Who do you think controls the government? The corporations.
Wrong. It's precisely the other way around. The theory that corporations control the government is utterly ludicrous.
You can't honestly believe that, have any evidence?
The fact is that politicians in Washington shake down corporations for campaign donations all the time. For example, they have special tax provisions designed especially for this purpose. There may be a tax provision that exempts some industry from paying taxes, but it expires every two to four years, right during campaign season. Of course, the corporations donate by the bucket load to keep the tax exemption in place.
There's a book on this subject by Peter Schweizer named "Extortion: how politicians extract your money, buy votes and line their own pockets."
Read it so you won't be so damn gullible.
You gotta stop posting this moronic shit. It's getting boring.
Halliburton isn't fleeced by government; it staffs the Vice Presidency. Goldman Sachs staffs the Fed (which has more power than government to control the economy).
Look at the corporations Rumsfeld was connected to - seriously, it's a ******* joke.
There is an underground tunnel between corporate lobbying firms and big government. Senators and House members are promised lucrative lobbying jobs when they leave office. This is why Fannie and Freddie hired Gingrich to influence housing policies during the Bush era, and its why Lefty Tom Daschle was hired to lobby his old Senator buddies on behalf of mega health insurance firms during Obama's first term. Both sides of the aisle work for big business, not the other way around.
AIG and Goldman don't take orders from Government. They own government. They get bailed out by government no matter how criminal their behavior. Ely Lilly doesn't take orders from Government. To the contrary, it gets no-bid contracts to supply Bush's Medicare Part D with drugs, which effectively locks the taxpayer into above market costs for drugs.
Government and big business have merged. This was Reagan's dream - to have business not brownshirts run Washington. This is why Halliburton and Bechtel get paid trillions to ceaselessly rebuild shit that Lockheed blows up in Iraq.
If you don't understand the degree to which business staffs and runs government, than you are either a victim of rightwing propaganda, or you are a benefactor or operative of the current system.