"Capitalism should not be condemned, since we haven’t had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It’s not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!"
by:
Dr. Ron Paul
(1935-) American physician, US Congressman (R-TX), US Presidential candidate
Source:
Has Capitalism Failed?, July 9, 2002
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ABSOLUTELY ! ! ! ! ! ! How many times can I rate this ? (-: not enough ;-) To implement a laissez-faire policy based on free market fiscal law (inclusive of the elimination of compelled compliance, license, victimless crimes, and larceny with impunity), Austrian economics and otherwise capitalism would solve immigration, business, and many other of society's ills.
 -- Mike, Norwalk     
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    I wish RP were 25 years younger.
     -- J Carlton, Calgary     
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    I given a three because he overstates his case. We all know this is not capitalism. I was told in 8th or 9th grade that this is "state capitalism" and that was in 1957. We don't want capitalism. We want to be in control of our towns, villages, evironment etcetera. That we should have no voice over our lives, politics, environment etcetera and be beholden to corporations and money is anathema to everything that the Revolution of 1776 was about. Hopefully this is the last jerk to be quorted for awhile. In none of our political documents to my knowledge does it say that this nation is or must be capitalist. That a guy like Ron has to write a book or give a speech to adults about such a simple fact as "this is not capitalism" when I learned it in 8th grade is sad indeed. Read about Capitalism in the books of Charles Dickens and in the motives of the employers of illegal aliens in this country. Those are the true capitlaists, and they should be takein out and ....
     -- Waffler, Smith     
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    If you google "invention of the word capitalism" you might learn something maybe even Ron Paul. The Oxford English Dictionary says it was first used in an 1853 novel. Of course Marx popularized its use as a description of a system that was superior to feudalism. No where is it written of as the whereall and end all of economic thought. Adam Smith considered the consumer to be the most important element and the moving force of the "invisible arm" of economics so maybe "Consumerism" should be the thing we glorify or some may think that "Laborism" should be our economic mantra. All mantras however and especially "Capitalism" destroys thinking and Ron Paul a physician should know better. Our greatest "capitalist" partner is a "communist" nation; that being China. So go figure about words, hey!
     -- Waffler, Smith     
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    Hear Hear - this can not be repeated often enough.
     -- Dale B. Halling, Colorado Springs     
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     -- TINA, SC      
    Absolutely!! Yes, Waffler got a government schooling... they got him when he was young and impressionable, and as most who have been likewise conditioned against individual choice and personal responsibility he thinks that the government is 'we' and 'our' job is to 'control' everything. He is the teacher's pet.
     -- E Archer, NYC     
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    Archer above proves his imbecility. He knows nothing about me or me, my background, my education or experiences. But that is no different than all of the other stuff he doesn't know but chooses to pontificate on. In fact there is an inverse ratio between the amount he knows and the amout he pontificates.
     -- Waffler, Smith     
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     -- Littlejohn, Pacolet      
     -- Ron, salem      
    BRAVO !!! I wish more Americans wouldn't wait for Mr Pauls death to be impacted, as people do prefer....and I wouldn't wish to assassinate him in order to help things along.....I wonder if he'd be willing to FAKE HIS OWN DEATH......hmmmm, it's just crazy enough, it might work !
     -- Renegade, Lansing, MI     
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    You gotta love Dr Paul.
     -- Hromano1030, Bangkok     
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     -- jim k, Austin      
    Financial Liberty and personal Freedom, are the Hand Up, for the individual seeking capitalistic opportunity without the oppressive " unnatural hidden hand " tactics of central banks, manipulating proletariat labor with a soft touch of patriotism to keep the blinders on. Ron Paul sums it up very well !! Fact upon fact upon fact ! A strong case indeed, whereas Waffler's communal, socialistic communistic European mindset destroys the middle class sovereign individual." Waffler is a state clown in a green suit, wanting a hand in every transaction, public and private. Claiming rights to all property and personal labor of every individual on the planet. One world order, democratic socialistic slavery for all. One sick puppy !!
     -- Ronw13, Yachats OR     
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    Waffler, either you slept through class or had a communist for a teacher. Money is capital. The use of money being invested is capitalism. So easy to see.
     -- cal, Lewisville     
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    Waffler desperately wants and needs attention because this whiny and pathetic Progressive-Socialist Bernie Sanders' idolizer and sheep cannot seem to get attention elsewhere other than from his commenting on Liberty Quotes.
    Waffler has long been awaiting for the government to give him a free space in a commune.
    Waffler wishes to shed his crippled mind of all reason and thought of individual responsibility and personal initiative.
    Then Waffler will delightfully hope to succeed in feeding off the fruits of the labor of those who he considers fools for possessing those most honorable and responsible traits of individual responsibility and personal initiative.
     -- Mary - MI     
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