Capitalism should not be condemned, since we haven't had it. Capitalism presumes sound money, not fiat money manipulated by a central bank. It's not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments, writes Ron Paul.

This audio Mises Daily is narrated by Floy Lilley.