by Thomas DiLorenzo

The American economic system has been transformed from a capitalist system with pockets of "crony capitalism" (profits earned through government connections instead of customer service) to a system of crony capitalism with pockets of real capitalism. This transformation was the result of a 225-year ideological debate over the proper role of government in society, including its role in economic intervention. This lecture will explain this transformation from historical, biographical, and economic perspectives, and will suggest ways to reverse this insidious transformation of American economic life and, indeed, of economic life in many other countries as well.

Find out more here… or watch the video below.