Myths, Lies, and Downright Stupidity: Get Out the Shovel - Why Everything You Know is Wrong
The forum hosted by the Cato Institute features John Stossel, the co-anchor of ABC's 20/20 and author of Myths, Lies, And Downright Stupidity: Get Out the Shovel - Why Everything You Know Is Wrong.
Award-winning news correspondent John Stossel was named co-anchor of ABCNEWS' 20/20 in May 2003. He joined the highly acclaimed newsmagazine in 1981 and began doing one-hour primetime specials in 1994.
Cato's executive vice president David Boaz has played a key role in the development of the Cato Institute and the libertarian movement. He is a provocative commentator and a leading authority on domestic issues such as education choice, drug legalization, the growth of government, and the rise of libertarianism.
He is the author of Libertarianism: A Primer, described by the Los Angeles Times as "a well-researched manifesto of libertarian ideas," the editor of The Libertarian Reader, and coeditor of the Cato Handbook on Policy.
Boaz is the former editor of New Guard magazine and was executive director of the Council for a Competitive Economy prior to joining Cato in 1981. His articles have been published in the Wall Street Journal, the New York Times, the Washington Post, the Los Angeles Times, National Review, and Slate.
He is a frequent guest on national television and radio shows, and has appeared on ABC's "Politically Incorrect with Bill Maher", CNN's "Crossfire", NPR's "Talk of the Nation" and "All Things Considered", "John McLaughlin's One on One", Fox News Channel, BBC, Voice of America, Radio Free Europe, and other media.
The host "Stossel," a weekly program airing Thursdays at 10 PM EST and midnight on Fox Business Network, John Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Stossel also appears regularly on Fox News Channel providing signature analysis. Prior to joining FBN, Stossel co-anchored ABC's primetime newsmagazine show, 20/20. Earlier in his career, Stossel served as consumer editor at Good Morning America and as a reporter at WCBS-TV in New York City. He is a graduate of Princeton University, with a B.A. in psychology, and his economic programs have been adapted into teaching kits watched by more than 12 million students every year.
John Stossel is so full of it!! When he says he does not understand the hatred of the rich, then why in the hell is he talking about it? Why not find out BEFORE talking about it? He makes it sound as if capitalism is beyond reproach and to think that capialism is the cure for our educational institutions is to fail miserably on the underlying problem. And if we had truly transformative schools, the students would learn that while there is a lot of stupidites out there, Stossel's rants would be no execption.
Stossel always thinks in the lowest common denomiator, oblivious of the complexites of human nature and the geniune causes of our dysfunctional institutions. And to think that Capitalismi is innocent of our social ills is downright stupid..Stossel has still a lot to learn..he has no idea of the complexity of being human.
@ 7:07 "Capitalism has lifted more people out of the misery of poverty than any system ever."
Tell that to child workers at the turn of 20th Century America. Tell that to the millions of Americans in the present day who teeter on the edge of poverty.
Stossel is a hack and apologist for unbridled plunder.
I have nothing against the amassing of wealth. I do, however, expect the wealthy to have more responsibility for the society at large than that which they display at present. People are hurting economically, and it is ignored by those at the top of the heap.
"The holders of great wealth, especially if they are organized into a political lobby of similar holders of great wealth, can buy not only more goods, more capital, and more people. They can also buy (through the vehicle of campaign contributions) more important people: politicians and other public officials and therefore public policies."
-excerpt from the AMERICAN CONSERVATIVE MAGAZINE
Stossel puts up a convincing argument for the competitive market and for competition creating the most substantial product. Most economists would agree that free competition is what creates a healthy economic market in a capitalistic society. It does also address some of the absurdities of the public education system, such as zoning with the analogy of "what if grocery stores were run like that?" Also, public schools not being able to fire incompetent teachers without following careful guidelines set out by the union. Free competition probably would increase the quality of education, of teacher qualification, and teacher salaries. However, one factor is unaddressed. This system could only work if all people could afford private education. There are people within the system that could not come close to affording private education. And there are segments of the population who are specifically targeted in a system like this, mainly minorities and single mothers.