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It’s Time to Ditch the Word Capitalism // Deirdre McCloskey and Alberto Mingardi

Summary:
Economists Deirdre McCloskey and Alberto Mingardi argue that the word capitalism has alienated and misled a lot of people who might otherwise be sympathetic to free market ideas. Not only was the term coined by Karl Marx and used as a pejorative, it fundamentally misrepresents how wealth and innovation is created. This leads to support for a corporatist system in which collusion between big business and big government masquerades as a free market, and drives people towards socialism as an alternative. #capitalism #corporatist #marx Watch Kibbe on Liberty on BlazeTV: https://blazetv.com/kibbe Follow Kibbe on Liberty on Facebook: https://facebook.com/KibbeBlazeTV Follow Free the People on YouTube: https://youtube.com/freethepeople Follow Free the People on Twitter:

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Economists Deirdre McCloskey and Alberto Mingardi argue that the word capitalism has alienated and misled a lot of people who might otherwise be sympathetic to free market ideas. Not only was the term coined by Karl Marx and used as a pejorative, it fundamentally misrepresents how wealth and innovation is created. This leads to support for a corporatist system in which collusion between big business and big government masquerades as a free market, and drives people towards socialism as an alternative. #capitalism #corporatist #marx Watch Kibbe on Liberty on BlazeTV: https://blazetv.com/kibbe Follow Kibbe on Liberty on Facebook: https://facebook.com/KibbeBlazeTV Follow Free the People on YouTube: https://youtube.com/freethepeople Follow Free the People on Twitter: https://twitter.com/freethepeople Follow Free the People on Instagram: https://instagram.com/freethepeople Follow Free the People on Facebook: https://facebook.com/freethepeople Visit Free the People's Website: https://freethepeople.org Kibbe on Liberty is a weekly podcast with libertarian author, economist, and community organizer Matt Kibbe. As the president of Free the People, Kibbe has decades of experience in the libertarian political sphere, but in these troubled times he believes that open dialogue is needed to bring people together. This means being willing to talk, and especially listen, to those with whom we might not always agree, trying to understand perspectives that might otherwise be foreign to us. Kibbe on Liberty's growing roster of guests includes politicians, economists, comedians, writers, radio personalities, activists, journalists, and even a magician or two—with topics of conversation ranging from current affairs to craft beer and the Grateful Dead. So grab a cold one, and settle in for the next hour of Kibbe on Liberty, mostly honest conversations with mostly interesting people. It's Time to Ditch the Word Capitalism // Deirdre McCloskey and Alberto Mingardi
Alberto Mingardi
Mingardi, one of the rising stars of European libertarianism, is the founder and Director General of the Italian free-market think tank, Instituto Bruno Leoni. His areas of interest include the history of economic thought and antitrust and healthcare systems. He is particularly well known for popularizing the work of past scholars under-appreciated by today’s libertarians. Currently an adjunct scholar at the Cato Institute, Mingardi has also worked with the Heritage Foundation, the Atlas Economic Research Foundation, the Acton Institute, and the Centre for a New Europe.

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