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<\/p>\nRUSH: This is Tulsa and Kent. Thank you for calling, sir. Great to have you here. Hi.<\/p>\n
CALLER: Hi, Rush. It\u2019s wonderful to speak with you. How you doing?<\/p>\n
RUSH: Very well, sir. Thank you.<\/p>\n
CALLER: I\u2019m not a big fan of the words that we use a lot, “capitalism” and “free markets.”<\/p>\n
RUSH: You\u2019re not a big fan of the words?<\/p>\n
CALLER: Of the words. Back many years ago in my first econ class, the professor said business is simply about recognizing a need and then developing a product or service that serves that need. It seems like that definition is better than the word that describes that definition, capitalism and free markets. I mean I think 80% of the country believes in recognizing a need, helping other people, and with a product or service to serve that need. And it could be as simple as a lemonade stand or as complicated as building a fiber optics network. You know it\u2019s all the same thing. It\u2019s just people helping people.<\/p>\n
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RUSH: So tell me how this would work. Not supposed to say “capitalism” or “free markets” anymore, so what would we say?<\/p>\n
CALLER: I think that “free markets” to some means the 1% takes advantage of the 99%.<\/p>\n
RUSH: That\u2019s what “capitalism” means?<\/p>\n
CALLER: Well, “free markets” to some people mean that, to some people. And I think we just need to say it\u2019s people helping people, and that\u2019s really what business is, whether it\u2019s building a house or, you know, fixing their computer or whatever it is.<\/p>\n
RUSH: Okay, but how would it work? I\u2019m talking about Goldman Sachs, and what am I supposed to say about Goldman Sachs, that they\u2019re not engaged in free markets, that they\u2019re just helping people?<\/p>\n
CALLER: I think there is a need, some sort of transaction or investment or funding that they\u2019re doing and they\u2019re solving a problem. That\u2019s all business is, is solving problems, and somehow we\u2019ve gotten into one versus 99. A person told me once if you can\u2019t win on a certain playing field, you know, change the playing field, change the game, and I think there\u2019s some lingo that we use —<\/p>\n
RUSH: Wait a minute, who says we\u2019re losing?<\/p>\n
CALLER: Well, I think a lot of the independents, we\u2019re not influencing them like I think we should.<\/p>\n
RUSH: Are you saying the independents are too stupid to know that capitalism is a good thing, free markets are good thing, they\u2019re not smart enough to know that just by hearing “free markets”? What is a free market? Is a free market where the 1% can screw the 99?<\/p>\n
CALLER: I think some people interpret it that way. I don\u2019t believe that\u2019s true at all, of course. But I think —<\/p>\n
RUSH: Yeah.<\/p>\n
CALLER: — some people interpret it that way. Most people think we\u2019re living in the Information Age, and I believe with Ronald Reagan and those that followed we\u2019ve kind of gone to the Communication Age. Why is Barack Obama so popular? It\u2019s not because he\u2019s a good manager, good businessperson, good leader or good president. It\u2019s because he\u2019s a great communicator. He\u2019s not a great manager or great leader. And Ronald Reagan was a great leader and a great communicator. And I think the reason why people didn\u2019t like Bush wasn\u2019t because of his decisions. It was because he didn\u2019t communicate real well.<\/p>\n
RUSH: There\u2019s a lot of assumptions that you\u2019re making. For one thing, I don\u2019t think Obama\u2019s that popular. The problem that you have, and I understand it, I\u2019ve said the same thing about using the word “communism.” It turns people off. They don\u2019t want to think that we\u2019ve elected a communist or a socialist. They don\u2019t want to think that. It doesn\u2019t work. But you\u2019re basically assuming that the media is the only place that people are influenced or have their opinions formed and changed and that therefore the media has sullied the terms “capitalism” and “free market.” So we have to admit the media has screwed us, we\u2019ve lost the language, we gotta go to something else. And I understand people who think this. <\/p>\n
I have a different take on it. I believe not in dumbing myself down, but in trying to elevate everybody else. So I\u2019m perfectly comfortable if somebody doesn\u2019t understand what a free market is or has a misconception of capitalism, I know a lot of people do, I\u2019ll be happy to try to straighten \u2019em out, which is what we do here on a daily basis, or at least try to. But you\u2019re upset that people hate ExxonMobil. You can\u2019t understand why people have been made to hate ExxonMobil so we\u2019ve gotta come up with a way to make sure they like ExxonMobil. The people who hate ExxonMobil, we\u2019re not gonna change their minds anyway. They\u2019re not thinkers.<\/p>\n
CALLER: Right. When I went to college, I thought business was about (unintelligible) and pollution and bad corporations. When I got in there and studied business, it\u2019s like, wow, business is amazing. It\u2019s developing a product or a service that benefits a problem. There\u2019s nothing wrong with business.<\/p>\n
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<\/a>RUSH: Yeah, I know. Again, so every time I talk about business, I have to stop and say, by the way, all this is is people solving a problem for somebody. I mean, it\u2019s defensive. I don\u2019t like assuming people are stupid. I\u2019d rather the opposite. That\u2019s just my preference. I don\u2019t want to think I\u2019m talking to blithering idiots. If I thought that, I\u2019m out. I don\u2019t have time for that. If I have to stop and say, “Oh, by the way, what I mean by “capitalism,” it\u2019s just a guy building a house so that somebody will have shelter. It\u2019s really a nice thing to build a house, you understand.” I\u2019m gone. If everybody in the audience is in the first grade, then, you know, it\u2019s hello Singapore. Again, there\u2019s too much conventional wisdom here. The assumption is that Obama\u2019s popular, don\u2019t believe it. The independents, we\u2019re losing \u2019em. We\u2019re not. <\/p>\n