Saturday, 6 June 2009

John Loeffler Steel on Steel:The Myths of Capitalism Tom de Wesse The importance of the Government takeover of G.M.


06/06/2009

The Myths of Capitalism

Summertime and our programming shifts towards perspective interviews.

The economic cry of late has been that capitalism is bankrupt and socialism is the solution. But wait a minute! Socialism always collapses when it doesn't have a vibrant capitalism to support it. There's a difference between having problems and being defunct. Dr. Jay Richards (www.discovery.org) is author of "The Myths of Capitalism."

Then Tom DeWeese from the American Policy Center (www.americanpolicy.org) returns for a conversation on the significance of the government's takeover of GM and its increasing top-down management of a sick economy.

John's boralogue moves fast covering interesting news stories that came down during the last week.