Capitalist vs Socialist with Dr. Rainer Zitelmann

Today, The Two Mikes spoke with the renowned German author and economist Rainer Zitelmann about the troubled western economies, including that of the United States. Dr. Zitelmann said he had come to defend capitalism and to warn of the dangers that it currently faces. He said that in Europe and the United States capitalism is now seen as serious problem that needs to fixed – with a socialist remedy -- rather than as the reliable regime of growth and ever broader prosperity that it always has been. It almost seems, Dr. Zitelmann said, that few recall the ec...