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RECENT EPISODE
Sep 11, 2026
Capitalism vs. Socialism: Hong Kong Was a Rock With 750,000 People on It | Lawrence Reed
Capitalism vs. socialism is not a slogan fight in this episode. It is a record, and Lawrence W. Reed reads it out loud. This is the second of four conversations building economics from the ground up with Jenny Beth Martin, and it is the one about systems: what it actually means for an economy to be organized from the top down or left alone, and what happened every time a country tried each one. Reed starts with a definition he says people miss. Capitalism is what happens when you leave peaceful people alone. It is not a design, it is the absence of one. Then he goes to the evidence. West Germany in 1945, flattened and occupied, and the night Ludwig Erhard went on the radio and ended price controls and rationing before breakfast. Hong Kong, which he calls a rock with 750,000 people on it, and John James Cowperthwaite's decision to give it the freest economy in the world instead of a plan. Against those, the Pilgrims at Plymouth Colony, about 150 utopian communes in nineteenth century America that all collapsed, the Soviet Union, Cuba, and Venezuela. Then the argument being made from pulpits and campaign stages right now: that Jesus taught something close to socialism. Reed wrote the book on it, and he answers parable by parable. Lawrence W. Reed is president emeritus of the Foundation for Economic Education, author of Was Jesus a Socialist?, and has traveled to ninety six countries. More at jennybethshow.com and teapartypatriots.org.
Stay informed on the most important developments coming out of Congress. Each Monday afternoon—when Congress is in session—Bill Pascoe, our Man in Washington, breaks down what’s happening in Washington, why it matters, and what comes next. Watch, listen, or read the report today!
PRESS RELEASES
Tea Party Patriots Action Applauds 43 Senate Republicans for Demanding Spending Cuts and Budget Reforms in Exchange for an Increase in the Debt Ceiling
Atlanta, GA – Forty-three Republican Senators have signed Sen. Mike Lee’s letter demanding spending cuts and structural budget reform as a starting point for negotiations on the debt ceiling. In response, TPPA Honorary Chairman Jenny Beth Martin issued the following statement: “Washington spends too much and steals too much from future generations, and it must…
Tea Party Patriots Action Slams Senate Hearing Attacking Justice Thomas
Atlanta, GA – Today, the Senate Judiciary Committee is holding a hearing titled, “Supreme Court Ethics Reform.” The hearing is in response to allegations that Justice Clarence Thomas failed to properly disclose gifts such as plane travel. In response, Tea Party Patriots Action (TPPA) Honorary Chairman Jenny Beth Martin issued the following statement: “Let’s get one…
Tea Party Patriots Action Reacts to McCarthy Debt Ceiling Proposal
Atlanta, GA – This week, the House is expected to vote on Speaker McCarthy’s debt ceiling proposal, the “Limit, Save, Grow Act.” This proposal ties a $1.5 trillion debt ceiling increase to long-term spending cuts. In response, TPPA Honorary Chairman Jenny Beth Martin issued the following statement: “The tea party movement began as a protest to…
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