The following video clip shows talk show host Phil Donahue interviewing Milton Friedman (circa 1979). Despite the date, the dialogue will sound current. Friedman was a well-known champion for "private free enterprise" (a term he thought more appropriate than "capitalism"). Donahue was the Oprah Winfrey of the day.

Imagine you are a participant on the stage. After listening to the dialogue, craft an essay that explains how you would intervene to reconcile the opposing perspectives. You might begin by saying, "Phil, wait; you've asked Prof. Friedman the wrong question. You should have asked him how he would explain the economic consequences of rent seeking on the operation of the private free enterprise system. You're both right. Here's why . . ."

https://www.youtube.com/watch?v=RWsx1X8PV_A