Capitalism EXPLAINED: The Truth About Free Markets, Cronyism & Government Interference | Episode 11

Foundations of Freedom Episode 11

In this powerful follow-up to our socialism vs. capitalism series, Foundations of Freedom with Jerome Huyler dives deep into the truth about capitalism—what it is, what it isn’t, and how the U.S. economic system has strayed far from its original design.

Is capitalism the answer to socialism?
That depends—which capitalism are we talking about?

Free Market (Laissez Faire)
Crony Capitalism (Corporate Welfare)

Dr. Huyler explains how Adam Smith’s original vision of capitalism—guided by the Invisible Hand, supply & demand, competition, and the division of labor—was hijacked by corrupt business interests and enabling politicians. Instead of a truly free economy, we got a mixed economy that rewards the connected, punishes the productive, and leads to cycles of boom and bust.

Discover why America’s so-called “business cycles” and market crashes weren’t caused by capitalism at all—but by government interference, subsidies, and protective tariffs.

Learn the untold story of how America’s first capitalists became her first socialists by lobbying for special favors, and how that legacy continues today in the form of:
• Green energy subsidies
• Bailouts
• Regulatory capture
• Trillions in federal debt

Whether you’re pro-capitalism, skeptical, or curious—this episode reveals everything you need to know about how a truly free market works, why it’s moral, and how modern “capitalism” is often anything but.

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