Free markets made America great ft. Burt Folsom | #TruthStraightUp

♪ Folsom: Why did the United States
become the most prosperous nation in the world? We did it because we
practiced capitalism and free enterprise. We had entrepreneurs and trusted
them. We avoided socialism. We tried socialism, actually, with
the telegraph industry in the 1840s. We had the government run the
telegraph industry. The government failed abysmally and went broke
doing it. We privatized the telegraph. Ezra Cornell started Western Union.
We made it very profitable. We can look at the railroads, which
were run by entrepreneurs. Thomas Edison invented the
light bulb. We invented the typewriter. Henry Ford invented the automobile.
We have the telephone invented by Alexander Graham Bell. These
American inventions spread throughout the world and created prosperity.
America practiced capitalism, and it worked. We avoided socialism,
and we did not fail. ♪

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