Freedom and prosperity

"Milton Friedman examines how Hungary and Czechoslovakia are rebuilding their collapsed economies. He argues that Eastern European countries must accept that governments create no wealth and that free, private markets are the only road to prosperity. He says that attempts to find a "third way" between socialism and free markets are doomed from the start. He examines how small businesses in Eastern Europe struggle to survive against the remains of extensive government control. In a discussion following the documentary, Friedman talks further about government and the economy with Gary Becker of the University of Chicago and Samuel Bowles of the University of Massachusetts. They disagree about the results of economic controls in countries around the world, with Friedman defending his thesis that the best government role is the smallest one."
"The failure of socialism in Eastern Europe has resulted in a movement to capitalist, free market economies. Milton Friedman explains how Eastern Europe must be quick to implement free, private markets in order to achieve economic prosperity. Includes a discussion and debate between Friedman, Gary Becker of the University of Chicago, and Sam Bowles of the University of Massachusetts at Amherst."@en