In this video, one of our favorite guys here at SocialismDoesntWork.com explains on the Phil Donahue show why so called “greed” (a term commonly misused to describe self interest) is not the evil that socialists make it out to be. As Milton so eloquently puts it, “the world runs on individuals pursuing their own self interests.” Milton Friedman then points out one of the fundamental fallacies of socialism: “Just tell me where in the world you find those angels who are going to organize society for us.” Or in other words, even the socialists themselves are very busy pursuing their own self interests, while telling everybody else to knock it off. Unfortunately, ’till this very day Phil Donahue hasn’t learned a thing.