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 economic
“accomplishments” socialism. At the time of the USSR’s collapse,
for example, East Germans wanting to buy a car had to wait 12.5 to
17 years for its delivery, and then the car they received was all
but worn out. At the same point in time only 27- percent of East
Germans lived in a place where toilet facilities were not shared,
and only 16-percent of East Germans had their own telephones.

A refreshed Reaganite world economy would create societies where
individuals could again become masters of their own fate and not
just exist as self-pitying victims.

In such a scenario, consumer choice we again be a dominating power
and planned economies would receive the scuppering they merit. As
an example of the process, Dr. Zitelmann said that he just returned
from giving a seminar in Vietnam, where he found it was harder to
find a Marxist that it was in the United States our Europe. He also
said that polls in that country find that 80-percent of the
Vietnamese admire Americans who have the courage to make capitalism
work in their interests.

--Dr. Zitelmann’s essay on some of the above issues can be found
at:
https://www.washingtonexaminer.com/opinion/one-of-germanys-top-businessmen-delivers-a-scathing-
verdict-on-the-merkel-era

--Dr. Zitelmann also has made two videos documenting and depicting
life under a Marxist government. See,
https://www.youtube.com/watch?v=bBIhsZ9GNHc&t=8s and
https://www.youtube.com/watch?v=JZNSL9fT74Q

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