Want to create an interactive transcript for this episode?
Podcast: Wealth Formula Podcast
Episode: 121: Are We Really a Capitalist Society? A Harvard Professor Explains.
Description: When I was in high school, I remember taking my first political science course. That was the first time I learned the political meaning of conservative or liberal. Up to this point, I had viewed those words as synonymous with Republican or Democrat. Of course that wasn't quite the same thing. A conservative, I learned, was someone who wanted smaller government, less regulation and emphasized the importance of individual civil liberties. I got the small government part rightβthat was the Republicans. But the American Civil Liberties Union was, from everything I gathered on the news, an institution of the De...