Entrepreneurial capitalism, that is. Oh, and the relative powerlessness of the native population sitting on top of vast, untapped resources. Still, it couldn't have been done without government protectionism in the form of quotas and tariffs. Government was business's essential ally in the early days. Now it's owned by business, sadly. It's interesting to note that as the protections have been withdrawn, at the urging of our international companies, of course, that large sectors of the US economy are in dire straits, losing jobs, as cheap imports flood in. If it weren't for continuing anti-dumping and counter-vailing duties provisions, imposed by government, business would be in even worse shape. I see it nearly everyday in my line, the greatest driver of government involvement into the economy is business itself, good old "free market" business.
LOL risk. The guy is busy trying to decide between the Jewish or the pharmaceutical lobby. Both happened to be costly and harmful to the American people and both are masters of truth twisting and manipulation.
Economists of the Austrian School have pointed out the difference between true 'market entrepreneurs' offering better products & services to people at lower and lower prices, and the 'political entrepreneurs' who manipulate and bribe politicians for their own benefit & at the cost of everyone else. Unfortunately the later have held sway for a long time. This is not capitalism, but merchantilism - - and can evolve into fascism, the total merger of government and big business interests and the destruction of personal liberty. - - - www.mises.org
Yes, - - and the very people who deregulated the system are now in the administration and supposedly the ones that are now going to 'fix' it, such as Larry Summers. They will only use this as an opportunity to further rob us all, while at the same time fooling the naive into believing they are 'reigning in evil capitalism'. - - - And some will believe that socialism (they call it 'progressivism') is the answer. But history shows that was another instance of being scammed by a different brand of crooks while everyone else was in complete poverty.