Explain what is Milton Friedman’s argument against Socialism.

Explain what is Milton Friedman’s argument against Socialism. Why does Friedman believe that a socialist economic system cannot sustain individual freedom in a Democracy. Do you agree with his argument? What do you believe SHOULD be the role of a government in a free economy? Are economic freedom and political freedom different? Must a socialist society inevitably become authoritarian as Friedman argues? Why or why not? Explain the socialist concept of equality compared to the free-market capitalist concept of equality. What do you believe SHOULD be the role of a government in a free society? What is the government’s role in ensuring equality and which concept of equality (equality of outcome vs. equality of opportunity and equal treatment before the law)? Are there valid arguments against your point of view? Note: You do NOT have to address all the questions above, but you should address most of them. Use these questions as a guide for the discussion or argument you wish to make in your paper! You will be graded on the merit of your argument and discussion in the paper, not necessarily on the structure or grammar. You should demonstrate a grasp of the basic concepts that we have discussed in class!Part II: (5 pages minimum)Discuss the nature of who holds power and who SHOULD hold power in a society by answering your choice of between 3 and 5 of the following 7 questions. Minimum of 5 written pages (12 font double spaced).1. In Thucydides’ Melian Dialogue, what different ideas are presented about what is just or what is right? 2. Critique the Realist point of view. What do you find to be persuasive about Realism. What Realist arguments are you skeptical of and why?3. Critique the Liberal point of view. What do you find to be persuasive about Liberalism. What Liberal arguments are you skeptical of and why? 4. Why is there a conflict between state sovereignty and human rights? 5. What are the arguments for and against democracy?6. Where do our rights come from? Explain and expound.7. What is the difference between Athenian democracy and the modern democratic Republic of the United States?8. What is the thesis of Leonard Read’s I Pencil. What unappreciated aspect of capitalism is he demonstrating? What is the point he makes about freedom and capitalism?