John Stossel - Big Lies about American Business

John Stossel discusses the fundamental lies that underlie the Obama economic policies with author Michael Medved. http://www.LibertyPen.com

Category:

News & Politics

Tags:

• economics
• liberty
• market
• government
• tyranny
• conservative
• libertarian
• poverty
• capitalism
• Michael
• Moore
• wealth
• prosperity

[adulby]

"you can only make profit in this country by giving people a product or service that they want" - there in lies the simplest and most everlasting benefit of a free country. You can call it capitalism, enterprise, extended order, but at the end of the day thats what you get in a FREE country. People serving the interests of others for there own. Both win, both profit, both live in benefit from one another. I would not have it any other way.

[sleedolfine15]

@nfwvideo1 Probably not,well...I don't know. On the one hand children,like the insane fall into a protected catagory,but on the other hand in general I believe that the world runs more smoothly without the State getting in the way. But, in any event,my point is that child labor disappears--law or not,where families in a society are properous enought to not need to put their children to work in order to survive. Capitalism is the only economic system which produces that degree of wealth.

[ClarkWise]

8:28 Iranian President Mahmoud Ahmadinejad is in the audience?

[Spjungen]

They're giving the current situatioin way too much credit in this video. We don't even live in a capitalist society; it's CORPORATISM. There's a HUUGE difference.

Capitalism is still serviving and doing well though despite the criminal elements. Starbucks, apple, all the companies that actually had to earn their money and not get corporate welfare are doing just fine.

[Spjungen]

@adulby Precisely. It's when the government works with big banks and corporations to allow easy credit and get rich quick schemes wherein people essentially get rich by doing nothing at all but riding the gravy train, that you have a problem.

[jrwel14]

@zbyszanna Stossel is a joke! Even Lincoln had a federal income tax to help pay for the civil war!

[zbyszanna]

@jrwel14 Let those who opt for public option have public option and for the rest let them opt out. Every tax is evil, but there are greater and lesser evils. Income tax is one of more evil ones. This is why people like Stossel want to remove this tax all along. For rich and for poor.

[jrwel14]

@zbyszanna Let who have it? the rich keeping all their money while the middle class pays the taxes? As Leona Helmsley said,"Taxes are for the lil people."

[zbyszanna]

@zbyszanna And I don't say that people at Wallstreet are saint or innocent. I just say that even if you eliminate it there will still be an incentive (and possibility) to act as any "evil businessman" you can point out. In order to fix the problem you have to first learn its cause. And the cause is lack of free market (including fiat money).

[zbyszanna]

@rossgarner58 Destructive power of wallstreet is just a derivative of government regulations and abandoning the real money (gold for example). If you take any of the problems created by the Wallstreet and analyze its cause, you will see they are always anchored in a special privilege given this or that company, or a law which mandated someone to do something against their common sense (like mandating to giving loans to people who could not afford them).

[zbyszanna]

@jrwel14 Then let them have it, but also let the rest opt out of it. Would it suite you?