{"id":37117,"date":"2016-05-03T12:22:51","date_gmt":"2016-05-03T16:22:51","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=37117"},"modified":"2016-05-03T12:25:28","modified_gmt":"2016-05-03T16:25:28","slug":"our-economic-system-is-designed-to-fail-ron-paul","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=37117","title":{"rendered":"\u2018Our economic system is designed to fail\u2019 \u2013 Ron Paul"},"content":{"rendered":"


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\"Former<\/a>

Former U.S. Rep Ron Paul. \u00a9 Robert Galbraith \/ Reuters<\/p><\/div><\/p>\n

RT.com<\/p>\n

The current economic system is designed to fail, but so was socialism. That\u2019s according to former GOP Congressman Ron Paul, who told RT\u2019s Boom Bust show that we need to go toward a system of property ownership, voluntary contracts and individual liberty, while getting rid of central banks.
\nTrendsUS Elections 2016<\/p>\n

A new Harvard University poll<\/a>\u00a0shows that 51 per cent of young adults aged 18-29 oppose capitalism in its current form.<\/p>\n

RT: <\/strong>Do you think this poll is just politics, or do you agree that there is something wrong with the US economic system as it operates today?<\/em><\/p>\n

Ron Paul:<\/strong> I think the problem is all in semantics. When they say they oppose today\u2019s capitalism, I oppose today\u2019s so-called capitalism. I don\u2019t even like the world \u201ccapitalism,\u201d<\/em> I like \u201cfree markets.\u201d<\/em> But if you say \u201cfree markets\u201d<\/em> and\u201ccapitalism\u201d<\/em> together, we don\u2019t have that. We have interventionism. We have a planned economy, we have a welfare state, we have inflationism, we have central economic planning\u00a0 by a central bank, we have a belief in deficit financing. It is so far removed from free-market capitalism that it\u2019s foolish for people to label it free market and capitalize on this and say: \u201cWe know it\u2019s so bad. What we need is socialism.\u201d<\/em> That is a problem.<\/p>\n

That is a problem in definitions and understanding of what kind of policies we have. I am a champion of free markets, but not of the current system that we have today. I am highly critical of it, because it is designed to fail. It is designed to reward the rich; it is designed inevitably to destroy the middle class, and also to finance some of the worst things in government: all the deficits with the welfare state and for the warfare state. So yes, it\u2019s failing. People should reject what we have, but they shouldn\u2019t reject liberty and freedom and sound economic policies, because that is not the problem. The problem is we don\u2019t have enough free markets.<\/p>\n

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\"U.S.<\/a><\/p>\n

Read more: \u00a0Indiana primary preview: Open to independents, Sanders and Cruz hope to score comebacks<\/a><\/span><\/p>\n<\/div>\n

RT:<\/strong>\u00a0In the same poll it is said that Senator Bernie Sanders, a self-described democratic socialist, has been the most popular candidate for America\u2019s 18-29 year olds. Despite the fact that he is now losing steam, as we\u2019ve seen on the campaign trail, what does it really say to you about what\u2019s driving this voting pattern?<\/em><\/p>\n

RP:<\/strong>\u00a0He\u2019s tapped into something, something that I\u2019ve talked about for years and tapped into when I was a candidate. And that is to describe the frustrations, the evil, and the nonsense of what we have. The problem with Bernie and myself is that he sees it quite differently. He thinks that it\u2019s too much freedom and too much capitalism. And I see it as too much government; it\u2019s too much of interventionist planned economy, which leans itself to fascism. But the young people might not understand the economics and what free markets are really all about, and they don\u2019t understand central banking. And Bernie doesn\u2019t understand that we have to get rid of central planning \u2013 from the Central Bank \u2013 if we want to help these people.<\/p>\n

The current economic system is designed to fail, but so was socialism. What we need to go toward is property ownership, voluntary contracts and individual liberty in getting rid of the central bank.<\/p>\n

But yes, I am not a bit surprised \u2013 it is a good sign that they are upset and they ought to be. What I have in mind is to show them the difference between what we have and what we should have. And believe me, it is not going toward this ancient tradition of government and socialism. We\u2019ve tested socialism. Socialism has been a complete failure. That is what the 20th century was all about, whether it was a fascist system in Germany, or the Soviet system of communism \u2013 this all has been a failure. So you don\u2019t want to go toward socialism, you have to go toward property ownership, volunteer contracts and individual liberty in getting rid of the central bank. Then you might talk about a real alternative. But the young people have a justification; they are justified in detesting what we have, because it has served the rich and has really hurt the poor and the middle class.<\/p>\n

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#Trump<\/a> edges out #Clinton<\/a> in new presidential poll https:\/\/t.co\/lIWTxrfnpO<\/a> pic.twitter.com\/M8rRpKt15a<\/a><\/p>\n

— RT America (@RT_America) May 2, 2016<\/a><\/p><\/blockquote>\n