"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 determine 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!"
Ron Paul, Congressional Record - U.S. House of Representatives, July 9, 2002
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5 comments:
LOL at Ron Paul's "corporations are not capitalism!" boneheadedness.
I missed that quote.
It was a scare-quote, not a quote-quote.
I'm glad you can laugh at imaginary quotes.
scare quotes are not actual quotes.. they are meant to show that a thought should be distrusted... paul was definitely in favor of the thought that appeared in my scare quotes.
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