Manage episode 315373487 series 2963994
00:45 - Today we're going to discuss corporatism vs. capitalism.
05:04 - Small businesses operate in a free market. That's real capitalism. But large corporations often do not, because they can bend rules and policy in their favor.
09:00 - 20% of the US economy no longer has a free market. It's healthcare.
14:02 - It used to be the majority of doctors were sole proprietors. Now, over 90% of doctors are employees of major healthcare companies.
20:17 - The only people who pay full price for medicine are people who don't have insurance. Generally, the lowest-income people.
25:34 - The free market isn't roaring anymore, because Government got in the way, and giant corporations are dancing along with them.
26:08 - Follow the example of Ludwig Erhard, who forbade companies from talking/lobbying with government officials. It forced separation of the economy from politicians.
27:22 - Summary - Open up the free market. It's the most fair, equitable system...but corporatism is not.
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