"History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition"
About this Quote
Then comes the turn: “Clearly it is not a sufficient condition.” That adverb is doing heavy rhetorical work. Friedman is conceding the uncomfortable counterexamples without letting them overturn the thesis: capitalist countries that ran on apartheid, colonial extraction, military juntas, or oligarchy. It’s a preemptive strike against the lazy syllogism that markets automatically equal democracy. He’s trying to separate correlations from guarantees, and to carve out room for a liberalism that is institution-dependent: rule of law, pluralism, constraints on state power.
The subtext is both warning and sales pitch. Warning to free-market enthusiasts: don’t confuse consumer choice with civic freedom; a shopping mall doesn’t substitute for an independent press. Sales pitch to skeptics: even if you don’t love capitalism, it may be the least bad soil for political liberty to take root, because dispersed economic power makes it harder for a single authority to monopolize life. The quote works because it’s a confident argument that keeps its own receipts, including the ones that complicate it.
Quote Details
| Topic | Freedom |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Friedman, Milton. (2026, January 15). History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition. FixQuotes. https://fixquotes.com/quotes/history-suggests-that-capitalism-is-a-necessary-901/
Chicago Style
Friedman, Milton. "History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/history-suggests-that-capitalism-is-a-necessary-901/.
MLA Style (9th ed.)
"History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/history-suggests-that-capitalism-is-a-necessary-901/. Accessed 13 Feb. 2026.





