Is Capitalism the Cause or the Solution to the Financial Crisis? | Thomas E. Woods, Jr.
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....if you install means to return the gross income of companies into strengthing the company ( R &D, training, retension, ect.) the company will have a chance to survive, possible grow to dominate.
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This is great information.
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A bunch of ENREPRENEURS-- French for taker in the middle who only rips off a "commission" and offers nothing. People who want wealth out of nothing through investments are doomed and Forbes is like Louis XVIth wondering why they're putting his head in a guillotine. Capitalism is capital to PRODUCE, not illusory paper temples. Money may not be booze but it sure can make you drunk of paper illusions!
Woods is selling you tickets on UFOs to wealth planets he's never seen, nor the UFOs!
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Nearly 2 years has gone by since this interview and Obama and Ben Bernanke's policies are still failing. US credit rating has been downgraded and is Trillions of dollars in debt. Epic fail of government interference with the economy. Steve Forbes was right.
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Gambling was the cause NOT capitalism.
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the chinese made me do it
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@CJLopez21 yeah, i suppose. it's just a bit hypocritical unless he actually say "yes, i was once for all these views that5 i now criticize"
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@CytherLynx lets let the future tell us if hes a phoney. mr. forbes has been wrong in the past but maybe hes changing his tune and is starting to understand the austrian view. Our side certainly can use someone of his name and audience.
all we can do is watch is actions and words to see if he actually changed his views. this video is a step in the right direction
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We didn't have capitalism. My God people. A central bank runs the economy, that is not capitalism.
stracinsrt4 2 years ago 56
Steve Forbes IS being dishonest here. He was chiding Peter Schiff very recently arguing that certain aspects of the economy were strong (that weren't), it's here on YouTube. Also, the "blaming it on greed is like blaming gravity for airplane crashes" line is a line right out of Woods' "Meltdown". I'm not saying Woods was the first to say it, but he is quoting it right in front of Tom. I mean it's great that Forbes is seeing the light, but don't talk as if you knew the cause all along.
jscott2700 2 years ago 24