CONQUERING CAPITALISM: President Obama recently proposed to end our embargo on trade and travel to Cuba. Libertarians say, "This is one time Obama was right. This embargo hasn't worked. It's time to end it!" But some Republicans disagree. A debate...
COMMUNISM IS "COOL?" People wear Che Guevara t-shirts. Fools think Che is cool. He once said, "we executed many people by firing squad without knowing if they are fully guilty." That doesn't sound like a very good role model.
CAPITALISM UNDER FIRE: Critics of Capitalism like Michael Moore say, "Capitalism is an evil system set up to benefit the few at the expense of the many." Nonsense. Lots of people think capitalism is immoral because it creates income inequality. But so what if some people have more than others? That's part of freedom! And that's moral.
SHOPPING IN THE USSR: For ABC, I went to Russia as a consumer reporter. The only place I found any spirit was where people risked their freedom by illegally trying to practice capitalism.
DEFENDING COMMUNISM: Jesse Myerson calls himself a communist. He says the system "guarantees jobs and income, the taxation of land value, [and] public options for banking," but he doesn't acknowledge all the death and starvation! I challenge him.
MY TAKE: Real capitalism is good because it is voluntary. Transactions happen only when both parties are happy with them. That automatic "thank you-thank you" tells the truth. The relationship is fair--- not because the two parties are "equal" but because capitalism is voluntary, and so nothing gets sold unless each party thinks he came out ahead. The free market is voluntary. Government is force. Voluntary is better.
