Wednesday, November 17, 2010

Episode 45. Steve Forbes, How Capitalism Will Save Us


A brief (10 minute) podcast on a topic I thought you might find interesting. Note that this audio podcast is also available as a video podcast on my rarely-used You Tube channel.

I can't use the audio or video, but I was present for a very recent talk by Steve Forbes, perhaps the most famous capitalist in the world, and afterward I had an opportunity to interview him briefly on camera.

He spoke about his new book, "How Capitalism Will Save Us" and he gave his perspective on the problems in today's economy and how they will be resolved. His underlying assumption is that rationality will emerge among the political class, driven by the reawakening of the American people.

Steve Forbes is warm and friendly in person and self-deprecating in his public speaking. He referred to himself multiple times as "Pollyanish" in his optimism for the future. There is no doubt that capitalism and free markets could save us. The question is whether they will be given a chance to do so. (I asked him that question on camera, and he gave an interesting answer, which I describe in the podcast.)

We share Forbes' long-term optimism for America, though in contrast with his sunny view of the transition, we do not expect rationality to emerge. To the contrary, we expect the Dependency Culture (and the Parasitical Elites who use them as human shields) to hang on for dear life, until a very messy crash rids us of their destructive nonsense. It is after the collapse occurs that we will have a reasonable chance to rebuild and give birth to our vision for "New America".

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