Capitalism is the status quo is exactly what we have right now and you know the occupy wall street protesters back during the financial crisis they were protesting capitalism they thought they were they were actually protesting the nexus of sort of big business and Big Government together and sort of power that that yields the 2nd fallacy is that if we want to do something as a society to help someone or to organize ourselves in some way that that is either you know this nation state this government thats going to do it or its not going to be done at all and you know my colleague ed string is the president a you are literally wrote the book on private governance and there are so many other options and thats one thing we have to definitely let people know about ok but you know thomas what we hear a lot in the meter go ahead jump in thats the whole point of the program thomas in baltimore go ahead. Well. Its its been a lot of the young people who are ron paul followers they were his foll
That and its evolving in innovative and all that yet ok david a month ago you want a job and i had some facts about the u. S. Economy the middle class is disappearing. Were is disappearing upward we have 3 times as many households with 100000. 00 or more in Family Income and this is adjusted for inflation than we had 50 years ago thats you credible improvement so lets not forget that things are Getting Better ok well i think will be there isnt the Income Distribution issue thomas let me go to you there i think this also is giving people cause to quote unquote support socialism because while there are people moving up there are a lot of people moving down as well thats the heartland thats who voted for trump go ahead thomas in baltimore. Well thats true but have theres a lot of game playing with these Income Distribution statistics because theres an economist named jim cox who wrote a great book called mr rich and poor that tracked individual families over several decades and so and saw
Let me go to you 1st in baltimore i dont i dont really think on this program we need to speak about the failings of socialism i think were all on the same page on that here my point in this program is here no i dont want to waste time on that because i its obvious ok historically it obvious on its face here but thomas what is the attraction then why do we have so many millennial zz and so many people attracted to this idea that so many of them have no historical knowledge of whatsoever go ahead thomas in baltimore. It was mostly because people like David Henderson and myself have been snuffed out of the academic world there are still 100 classical liberals in american academe but were outnumbered by hundreds of thousands of others and the young people are taught what economists call the nirvana fallacy they pose socialism as some sort of utopian ideal and compare that to the real world and of course the real world always comes up short when you compare it to utopia and thats basically
You are in for a real treat. I am so excited to host this debate. Its pretty rare to have an ideological debate about these things. I certainly think that is a conservatives we benefit when we understand the other sides perspective. Are not shooting down the others issues on this. We have with us steve moore he was a trusted advisor to president donald trump. At the Heritage Foundation and a colleague at the wall street journal. We also have Bhaskar Sunkara the editor of the jacobin. Is called the socialist manifesto. The format were going to have the make opening statements. I asked a couple of questions and we will take questions from the audience. As youre listening write down what you want answered and we will get some of those in and the do a closing statement. So lets have steve moore kicked off. Thank you and by the way Jillian Melchior just got back from hong kong. My first proposals how we give the Nobel Peace Prize to those Freedom Fighters in hong kong . Second of all, i wan
All right, well you guys are in for a real treat. Im so excited to host this debate because i think, especially covering higher ed, it is rare to have an ideological debate about these things. Think asly conservatives, we benefit when we understand the other sides perspective and are not shooting down strawmen on this. Greathat, it is my pleasure to introduce our two panelists for today. We have with us Stephen Moore, a trusted advisor to President Trump at the Heritage Foundation, former colleague at the wall street editorial page. And we have the editor of the author of the book on socialism. The socialist manifesto. They will each make moat Opening Statements and give a rebuttal to each other. We will take questions from the audience, so as you are listening, write down what you would like answered, pass it up to me and we will do a closing statement. Without further ado, lets have Stephen Moore ticket off. Hen by the way, jillian just got back from hong kong. How aboutroposal is we