John Ruddick: Values Based Capitalism

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John Ruddick delivers a passionate defense of capitalism, arguing that Australia needs to embrace the term proudly rather than hiding behind euphemisms like "free markets." Drawing from his 23 years in the mortgage broking industry, he demonstrates how capitalism has lifted billions out of poverty globally, from post-revolutionary China to modern Africa. Ruddick makes both practical and moral cases for capitalism, arguing it's not just effective but inherently moral because it removes coercion from human interactions. He provides a detailed case study of how government over-regulation destroyed innovation in Australia's mortgage industry, showing how Kevin Rudd's "responsible lending" laws created bureaucratic nightmares while spawning expensive private lending alternatives. His central thesis is that "values-based capitalism" and similar terms are just the latest attempts to tame and control capitalism by those who fundamentally oppose it. He concludes with a stark warning: if we lose capitalism, we lose prosperity, and urges audiences to stop being embarrassed about supporting the system that creates wealth and eliminates poverty.

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Thanks for watching - John Ruddick delivers a powerful defense of capitalism that pulls no punches. As someone who's worked in the mortgage industry for over two decades, he's witnessed firsthand how government regulation destroys innovation and prosperity.
Ruddick argues that Australians need to stop being embarrassed about capitalism and start proudly defending the system that has lifted billions out of poverty worldwide. He traces capitalism's success from China's economic reforms to Africa's transformation, making both practical and moral arguments for free markets.
But this isn't just theory - Ruddick provides a devastating case study of how Kevin Rudd's financial regulations destroyed Australia's innovative mortgage broking industry. He shows how "responsible lending" laws created bureaucratic nightmares, eliminated helpful products for self-employed borrowers, and spawned expensive private lending alternatives.
His message is clear: "values-based capitalism" is just another attempt to control and weaken the very system that creates prosperity. If you want to get rid of poverty, the answer is simple - capitalism, capitalism, capitalism.
This is essential viewing for anyone who wants to understand how regulation stifles innovation and why we need to defend free markets unapologetically. Please like, subscribe and share - what's your experience with over-regulation destroying good businesses?

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