As the movement begun in the 1970s to decentralize and deregulate continues, economies around the world are being reshaped. In this program, Pulitzer Prize-winning author Daniel Yergin, Nobel Prize-winning economist Milton Friedman, and John Kenneth Galbraith explore the dynamic tension between free markets and managed economies with Ben Wattenberg, Senior Fellow at the American Enterprise Institute. The demise of European communist and socialist economic models and successful market-oriented initiatives in Europe and America support the thesis that minimal government intervention is healthy. But will big business seek a return to managed economies if world markets crash? (26 minutes)