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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.

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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!

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Atlanta, GA – When he‘s talking about upgrading security at the White House, President Trump is on strong ground politically,” said Jenny Beth Martin, Chairman of Tea Party Patriots Action. “A strong majority of voters agree that Congress has an obligation to fund serious security upgrades to the White House complex, including a secure ballroom…

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Atlanta, GA – Over the weekend, President Tump announced a fresh strategy to enact the SAVE America Act: attaching it to either a bipartisan housing bill or a bill to reauthorization FISA. The SAVE America Act would require documentary proof of U.S. citizenship in order to register to vote in federal elections and a national…

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Our Mission

Tea Party Patriots Action’s mission is to equip Americans with the resources and training they need to be engaged citizens and effective activists. Our vision is for a nation where individual liberty is cherished and maximized, where the Constitution is revered and upheld, and where Americans are free to pursue their American Dream.

PERSONAL FREEDOM

We are most free when the Constitution is followed, and all Americans can live life the way they want, as long as it does not harm others or infringe on their rights.

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ECONOMIC FREEDOM

A growing economy, with reduced tax rates and government spending, gives businesses the ability to hire more people and us all a chance to earn more.

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Increasing the US debt puts an undue burden on future generations. It is only fair and right to pay the debt we have incurred so our children are not stuck with our bills.

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