Today I am pleased to present three new chapters from The Machinery of Freedom all at once. The pool of translators has remained small but very productive, and I am now quite heavily loaded with editing work that can no longer be delegated to anyone.

In the chapter “Robin Hood Will Sell You Out”, Friedman demonstrates some non-obvious mechanisms of how welfare systems, formally created to help the poor, de facto redistribute money in favor of the rich. He also states that such government behavior is not a system error, but the system itself.

In the chapter “The Rich Get Richer, and the Poor Get Richer”, the title is telling enough to understand what it is about. It explains why the impoverishment of the working class, as Marx dreamed, does not occur in a free market, but instead there is a movement toward general prosperity.

Finally, in the chapter “Monopolies I. How to Lose Your Shirt”, Friedman vividly describes how miserable the fate of monopolies is in a free market, and how miserable the fate of those is who are unlucky enough to deal with government monopolies.

On this wonderful holiday, US Independence Day, enjoy the classics of anarcho-capitalist propaganda! By the way, hello to everyone who came via a tip from the Classical Liberal channel; I am very glad to have you, make yourselves comfortable.