Peter Schiff - Responds to Obama's Failure of Capitalism Speech (9-Dec-11)(POLITICAL ECONOMY series)

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[Shebadad]

Well not so much on the prosperity thing there after WW2 Peter....We were one of the few places left intact after WW2... so it's only natural that business would thrive with a competitive advantage here in the US. So who did we sell our goods to during our era of manufacturing prosperity circa 1948-1971?

[N0g0dzN0masterz]

Ohh he said that this country was founded on capitalism. That's just a myth

Or is he admitting that capitalism was founded on slavery and serfdom? Not to mention the theft and murder of millions.

[N0g0dzN0masterz]

I think he was talking about letting wall street run rampant. What they label free market capitalism. Which never has existed. Neither has true socialism.

[MikeSears100]

It seems Obama completely forgot the "Guilded Age".

[7200cfi]

Thankfully we have Peter to educate us. People need to listen up, retain the facts.