The David Lin Report · Saturday, September 19, 2026
Ron Paul attributes the rise of socialist sentiments among young Americans not to capitalism itself, but to what he calls 'corporatism' and welfare-ism benefiting the rich and banks. He believes people are reacting to perceived failures of the current system.
“And, uh, the American people. Young people. Uh, uh, I I don't think they, uh, understand the principles because they say, well, look, and even the Republicans, Reagan's, we have to save capitalism. You know, we don't have capitalism if they're referring to free markets. It sounds money.”
“The ones who want to go left and have socialism, they look at it. And they do. They have a legitimate complaint. Look, too many wars, too much debt, too much lying and cheating. It's just terrible. And then they say, see what capitalism did to you?”
“But, uh, yes, our form of capitalism, it's the corporatism that did it. It's a special issue of welfare-ism to the rich and the banks and the business people. That's what did it to.”