The Origins of "Champagne Socialism"
A look at the many origins of champagne socialism, a phenomenon of wealthy people who are fans of left-leaning politics.
A look at the many origins of champagne socialism, a phenomenon of wealthy people who are fans of left-leaning politics.
Milton Friedman was a Nobel Prize winning economist who lived from 1912-2006. His economic philosophies relied heavily on economic freedom and laissez-faire capitalism. He was the economic adviser to the Reagan Administration, and made numerous contributions to the field of economics during his lifetime. Upon hearing that he was the economic adviser to Reagan, many…