By Ron Paul
The gut reaction of far too many people is to blame "capitalism", or "free markets" for the woes of modern America. Unfortunately, such a view displays a gap in understanding the difference between free markets and an economy shackled with a hyper-interventionist government. We suffer from the latter, and desperately need the former.
I, myself, am against today's so-called "capitalism". It is a shadow of what America once used to be. America never had a total free market economy, which is a shame. Government, even at the very beginning, would meddle here and there. But the American economy was many magnitudes freer than it is today. We owe so much of the accumulated savings, capital, and wealth in America to that era.
It's time to place the blame where it really belongs. It's time to start cutting the government chains off the economy so that free markets may breathe once again.
I was recently on RT to discuss these issues, and I thank them for transcribing the interview, which you can read below. (Or, if you'd like, you can watch the interview here.)
RT: Do you think this poll is just politics, or do you agree that there is something wrong with the US economic system as it operates today?
View the original on RT.