In 1947, in keeping with classical liberalism, Friedman had expressed concern about problems with monopoly. He had also expressed concerns about the corporate form that stemmed from the divergence of corporate ownership and control. However, after the lapse of four years, Friedman revealed his newfound neoliberal bent toward monopoly in an article published in France. One aim of his 1951 article was to describe the American free enterprise system to his European audience, who, he felt, mistrusted and misconstrued the American free enterprise system. In the course of doing so, Friedman departed from the classical liberal doctrine in several ways.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1115