Why capitalism in America now needs its defenders

Back in 2015, before Bernie Sanders began drawing big crowds and long before a Green New Deal was generating buzz among Democrats, Larry Kudlow gave a talk in which he emphasized a simple message to fellow conservatives: “You and I must fight” if the virtues of free markets are to be preserved. “They are not going to give it to us on a silver platter,” the champion of conservative economics said at Hillsdale College in Michigan, referring to his concerns that advocates of bigger government will erode the nation’s ability to generate prosperity. The sense that capitalism isn’t delivering on its promises in the new millennium actually goes back further.

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