people a few things they hadn t heard before. but i ve been excluded from it because i m told i m an extremist. um, i tend to refer to the president of the united states as a stealth socialist, and that s considered extremism. though actually, i think, i ought to appear hat in hand before cnn and ask them which words in the vocabulary i m allowed to apply to the stealth socialist, if we re amongst friends. [laughter] but at any rate, i d like to make a few observations about my new book, um, the death of liberalism. historic eras have a habit of slipping away with few people noticing their passing. the holy roman empire had lost its hold on the potentates of europe, yet it was years before anyone discerned that the empire was no longer holy or roman or even an empire. there were a lot of colorful uniforms around, and even helmets and ceremonial swords. but no one took any notice of them, not even the swords. the empire had regressed to a gaggle of municipalities and, later,
and this world where you had leave it to the state. capitalism and what we saw was communism failed and capitalism won and american capitalism, set the path forward. we had that victory dance because as we have seen american capitalism proven itself to be not extremely good, revitalizing the economy or providing social mobility. it excel that one thing which was promoting inequality which while we have and to build a bridges or created jobs, we have created ever deepening inequality in the united states while meanwhile other models are gaining traction. this is the rise of state capitalism which is a popular term these days. is designed to oversimplify an argument that you can t even have a discussion. state capitalism doesn t exist. china is what we are talking about and the chinese problem in many places is there is too little government control. there are other places with too much government control. they are not the only ones. capitalism and chinese characteristics, yo