What is wrong with our economic system in the year 2015? In the previous show, Bob agreed with his progressive guest – writer and former libertarian Sean McElwee – that cronyism between government and special interests has created an unlevel playing field for the rest of us. Their perspectives only differed on the solution. McElwee sees hope in the equalizing agenda of so-called “inclusive capitalism,” but one might wonder whether certain politicians are merely using this catchy phrase to rebrand the same old wasteful government spending. As usual, the burden of these policies would fall heavily on the most productive members of society – so where is their say in the matter? This weekend, we bring you the counterpoint to McElwee’s eloquent defense of inclusive capitalism. Bob is joined by John Aglialoro, an entrepreneur who has repeatedly leveraged his own successes to create more wealth and prosperity for all. In addition to acting as CEO of fitness equipment manufacturer CYBEX International since 1997, Aglialoro serves as Mayor of the Tavistock Borough in Tavistock, New Jersey. He also bankrolled and co-produced the epic three-part film adaptation of Ayn Rand's famous novel, Atlas Shrugged. Tune in to hear why Aglialoro believes that just plain free-market capitalism is superior to the “inclusive” alternative.
An entrepreneur is defined as “a person who organizes and manages any enterprise, usually with considerable initiative and risk.” These qualities have always been valued and cherished in America. Entrepreneurship has improved our quality of life in immeasurable ways and it always will. An immigrant in our country takes as much risk and shows as much initiative as any entrepreneur. We should be spending our treasury to keep them here, not keep them out. The anti-immigration fervor represented by many on the right and some on the left is shameful, bigoted, mean-spirited and contrary to our national ethos. As Bob so often says, “let them all in.” To discuss the economic, social and security aspects of this most emotional issue and more importantly, to replace rhetoric with objectivity, Bob welcomed Cato’s Alex Nowrasteh back to his show. Alex brings his passionate devotion to truth to an issue which is usually discussed only with emotion.
Is there anything more rare than an entrepreneur who favors higher wages and higher taxes? Believe it or not, a group of them have formed an organization called Business for Shared Prosperity (http://businessforsharedprosperity.org/). Tomorrow at noon Pacific Time, you’ll have a chance to meet Lew Prince, learn his progressive position on these anti-free market issues and challenge (or support) his position. Lew is the successful founder and Managing Partner of Vintage Vinyl in St Louis. They sell vintage vinyl records (remember records?). Minimum wage laws and the Buffett Rule will be debated and discussed (amongst other things). Who knows? Maybe we’ll discuss Alan Fried or Cousin Brucie? In any event, Capitalism and rock n’roll.. What a great way to enrich your weekend. Radio at its laissez faire best. 901 AM in the SF Bay Area. www.newstalk910.com on line. Call in 800-345-5639 to support Bob or Lew.
Did you see this headline? Probably not, since it was never written. However, it has happened. Not just with GE but with General Motors, Big Oil and many other American business icons. Crony Capitalism has replaced the free market. Business/ government cross breeding has created business mutants which look like business but act like government. In this episode, Bob is joined by University of Chicago economics professor Luigi Zingales. Together they discuss “Saving Capitalism From the Capitalists,” which happens to be the title of Dr. Zingales’ recent book and says it all. Capitalism is being destroyed from within. We’re losing our entrepreneurial spirit. American business is too dependent on government and with governmental support comes governmental control. Is it too late?