Video: How America Became a Corporate Welfare State – Lessons for The Bahamas

First Published: 2015-04-17

On Thursday, February 26, 2015 at 6:30pm, Dr. DiLorenzo presented to a full house at the auditorium at The Harry C. Moore Library, College of The Bahamas.

The video follows.

Theme of the speech:
The American economic system has been transformed from a capitalist system with pockets of "crony capitalism" (profits earned through government connections instead of customer service) to a system of crony capitalism with pockets of real capitalism.  This transformation was the result of a 225-year ideological debate over the proper role of government in society, including its role in economic intervention.  This lecture will explain this transformation from historical, biographical, and economic perspectives, and will suggest ways to reverse this insidious transformation of American economic life and, indeed, of economic life in many other countries as well.

Presented by: The Nassau Institute and Templeton Religion Trust in collaboration with The Banking, Economics and Finance Department and The Economics  Society of The College of The Bahamas

Patrons: Arizona, Go Ahead, Donald Tiomlinson, Compass Point Resort
Supporters: JS. Johnson, MAjestic Tours
Donor: Bahamas First

Dr. Thomas DiLorenzo’s brief Curriculum vitae:

Dr. Thomas DiLorenzo is Professor of Economics at Loyola University Maryland and a Senior Fellow of the Ludwig von Mises Institute in Auburn, Alabama.  He holds a Ph.D. in economics from Virginia Polytechnic Institute and State University and a B.A. degree in economics from Westminster College in New Wilmington, Pennsylvania.  He is the author of dozens of academic journal articles in such publications as the American Economic Review, the top peer-reviewed journal in the field; Economic Inquiry; Public Choice; International Review of Law and Economics; Quarterly Journal of Austrian Economics, and many others.

Dr. DiLorenzo is also the author or co-author of fourteen books, the latest of which are:  Organized Crime: The Unvarnished Truth About Government; Hamilton’s Curse: How Jefferson’s Arch-Enemy Betrayed the American Revolution and What it Means for Americans Today; Lincoln Unmasked; How Capitalism Saved America: The Untold History of Our Country; and The Real Lincoln.
Professor DiLorenzo is a columnist and blogger for and and is widely published in the “popular” press, including the Wall Street Journal, New York Times, Washington Post, Readers Digest, and dozens of other newspapers and magazines.  He has been interviewed on hundreds of radio talk shows, including the Rush Limbaugh Show, as well as on CNN, CSPAN, FOX Business Channel, and MSNBC.  In 2012 he was awarded the George W. Koether Award for Writing in Defense of Liberty by the Ludwig von Mises Institute.

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