Corporatism Is Self-Defeating - The Great Milton Friedman

Little other commentary is needed. Free markets means free markets and capitalism works best in free markets. I'll say it again: What we have in the United States is not Capitalism, it is Corporatism.

It's Not What You Think

I am the only person that I know personally who has read Adam Smith's The Wealth of Nations, which is the bible of Capitalism. I contend that what we have in the United States now is not Capitalism but is, instead, Corporatism. Nobel laureate Joseph Stiglitz apparently agrees with me. It's nice to see them come around.