â€œBy removing the organization of economic activity from the control of political authority, the market eliminates this source of coercive power. It enables economic strength to be a check to political powerâ€ (Milton Friedman, Capitalism and Freedom, p. 15). Critically assess the foundation for Friedmanâ€s claim here taking into account how Friedrich von Hayek and Charles Lindblom might react to it. If democracy means equality with regard to self-government, which position or positions do you find to be most compatible with democratic theory and which one(s) would you find most incompatible?
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