Glenn Beck: Is Capitalism causing collapse?


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GLENN: Capitalism is what's failing. The government just isn't big enough. That's why America is struggling. There just hasn't been enough oversight from the people we can trust in Washington. There just isn't enough governmental oversight on the world stage. If they could just get an economic security council, well, then we could do to the economy what the United Nations has done to war. Wouldn't that be fantastic? That would be great.

If capitalism is failing, which it isn't, capitalism is not the problem. Capitalism is just the vehicle. Somebody has to get in and give the GPS coordinates and tell the vehicle exactly where to go. Capitalism is dispassionate. Capitalism just is. It's what people do with it.

For instance, fascism, is fascism bad? My Uncle Leo, sitting at a restaurant with me and the family just a few months ago, he's about 90 something years old now, right off the boat from Italy. "And let me tell you something else. Mussolini was a good man!" "Shhh." And he started talking to me about how Mussolini -- and that's how Mussolini was viewed until the end until people hung him with a wire, about you that was a different story. In the beginning Mussolini was a good man, Mussolini was a benevolent dictator. Fascism was loved here in America. It is the way to rule in the future. That's what all the liberal elite thought at the time. Of course, they were also studying eugenics at the time, which kind of went poorly, too. I'm glad we put science right back in her rightful place, hmmm? Fascism could be good if you have a dictator who is good. Fascism could be bad if you have a dictator who is bad. It just is.

But let's look at capitalism itself. Is capitalism failing? Is freedom a bad thing? Should there be more government? Is the problem really only with those countries that have just all this economic freedom, that they just -- you know what the problem is. There's just not enough regulation. Well, the good people at the Heritage Foundation, they put out this survey every year. It's an index really more than a survey. It's an index of economic freedom. It is the most complete and objective measure that you're going to find on how economically free any country is on planet Earth. For example, Hong Kong is the most free with very little restriction. Very little restriction, very little taxation, very little government control. Hong Kong, isn't that the one that's really, really successful? Isn't it Hong Kong? Isn't that weird. In last place is North Korea, where all the earnings pretty much go to cover up the strokes of Kim Jung Il. I'm just saying. That's speculation. I don't know. Got it? Smallest government, Hong Kong. Most controlling, Kim Jung Il. And everything else is in between. So we're not just talking about what kind of system of government. We're talking really about how big the government is, how oppressive the government is. You know our problems here in the U.S. We're six. We're the sixth most free, economically speaking, nation on Earth. I can't believe we're not number one. But we're number six. Out of 179 countries, we're number 6 on the economic freedom index. You know our problems so we don't have to worry about the United States. At number six we're screwed up. But remember it's capitalism. It's that we have too much freedom. The British government, less free economically than we are. They have less government involved. They are number 10. Their debt has equaled to 44% of GDP before the crisis, before the crisis. There was a news report out yesterday or day before yesterday out of England where they took over the bank of Scotland. The United Kingdom may be bankrupt. It may go bankrupt. It is so bad, it may go bankrupt. They are number 10 on the economic -- see, too much freedom, not enough government.

Well, let's look at the other scale. How about Nigeria, number 117 on economic freedom. The president disclosed to ministers while addressing them at this year's first executive council meeting, the first one that declining national revenue, sharp fall in the value of shares and crashing of their currency are some of the major indicators that the global crisis is already affecting their country. Wait a minute, what happened to Nigeria? They've got lots of government control. The Japanese, number 19, double almost of Great Britain. They have even more, double the amount of Great Britain. We're number 6; they're number 19. The prime minister came out swinging at his party's annual convention on Sunday, vowing to overcome political opposition and pass economic measures despite plummeting popularity. He also said that he remained confident that Japan could climb out of this financial downturn. So Japan, how about Italy? Number 76 on the economic freedom list, a lot of control. Have you ever tried to do business over in -- have you tried to mail a letter in Italy? 76 on the economic freedom index. Their debt is now about 120% of GDP. They've just been downgraded. Italy is in a tailspin. The Germans, number 25, they are in a tailspin. Merkel just said that the government's planned $65 billion economic stimulus package, they doubt that it will work. How about Indian, number 123 out of 176 countries, 123rd least free -- or most free, their stock market is down 37%. Their debt is 58% of GDP before the crisis. Singapore, number 2 on the list, more free than we are. Debt, 96% of GDP before the crisis. They lowered their growth forecast twice in the last couple of weeks. China, how about China? China's communist. China's not free. 132 on the economic freedom index. Their debt is 18% of GDP, yet their factories are closing. Australia, number 3, more free than we are. Their debt is 16% of GDP. The wealth, however, of average Australians has plummeted by a record 9%, or $19,000 for every man, woman and child. Venezuelan, what is that, totalitarian, communist? Sean Penn's haven? Out of 176, economically free countries, they rank 174. They're on the verge of economic collapse. They couldn't get a lot of the things passed before the collapse because they were running out of money. They couldn't do it. Iceland, number 64 -- I'm sorry, number 14. Half as free as we are on this list. Iceland collapsed. South Korea, number 40. Economy shrunk in the fourth quarter last year for the first time in a decade according to the Central Bank. I should mention that North Korea claims they are insulated from the crisis because they are completely self-sufficient. But the average South Korean lives on about 50 times what the average North Korean does. So I don't know how significant that is. And also Kim Jung Il shot an 18 the first time he played golf, the first time he played golf.

So what's the pattern here? Can we think like doctors for a second? Think like doctors for just a second and think of countries as patients. You're in the emergency room. All these patients come in. One doctor looks at you and says, "They're all capitalists. They're all failing and that's patient zero over there" and points to you. You're brought over. "Okay, quarantine this guy." Quarantine this guy. All right, all right. You're all capitalist here? Well, now all of a sudden people start raising their hands and saying, no, no, no, I'm totalitarian, no, I'm communist, no, I'm socialist. Well, I'm kind of a hybrid. No, I'm full-fledged capitalist. I'm more capitalist than those guys, I'm more free than those guys are.

Well, now the doctor says he can either treat -- oh, yeah, they are all capitalists and that is patient zero, or they can all look at all of them and say, "Well, wait a minute, they don't all have that in common. TNT they don't all have that in common. What do they have in common? Eventually the doctor would say, where did you guys all eat? If they all ate at the same restaurant, then the doctor would say, "Call the Department of Health; shut the restaurant down. Find out what's in that restaurant. Find out what they're serving people because something's poison in that restaurant." Tonight on television at 5:00 I think I know what that restaurant is. They only have one thing in common. We'll begin our conversation tonight at 5:00 on TV and continue our conversation over the days here on this program. That's on the Fox News Channel at 5:00.

You think about it today. I've been thinking about it. Try to make a list in your own mind. What do they have in common? I have to stop here for a commercial break.

Everything comes down to the two Senate runoffs in Georgia. If we lose both races, we lose the country. Democrats know this and are pouring in millions to usher in a Marxist agenda.

As the Left tries to hide how radical the two candidates really are, Glenn takes us inside the Democrat war room to expose the wolf in pastor's clothing, Raphael Warnock, and America's Justin Trudeau, Jon Ossoff. Socialism, the Green New Deal, and "defund the police" are all on the table. And Glenn warns of what's to come if conservatives don't activate: Chuck Schumer will weaponize the Senate, and the radical Left will launch an all-out assault to ravage the Constitution.

Watch the full special below:

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Sen. Ted Cruz (R-Texas) joined the "Glenn Beck Radio Program" to explain how mail-in ballots are typically disqualified during recounts at a far higher rate than in-person, Election Day ballots, and why this is "good news" for President Donald Trump's legal battle over the election.

"One of the things that gives the greatest cause for optimism is, this election ... there's a pretty marked disparity in terms of how the votes were distributed. On Election Day, with in-person voting, Donald Trump won a significant majority of the votes cast on in-person voting on Election Day. Of mail-in voting, Joe Biden won a significant majority of the votes cast early on mail-in voting," Cruz explained.

"Now, here's the good news: If you look historically to recounts, if you look historically to election litigation, the votes cast in person on Election Day tend to stand. It's sort of hard to screw that up. Those votes are generally legal, and they're not set aside. Mail-in votes historically have a much higher rate of rejection … when they're examined, there are a whole series of legal requirements that vary state by state, but mail-in votes consistently have a higher rate of rejection, which suggests that as these votes begin being examined and subjected to scrutiny, that you're going to see Joe Biden's vote tallies go down. That's a good thing," he added. "The challenge is, for President Trump to prevail, he's got to run the table. He's got to win, not just in one state but in several states. That makes it a lot harder to prevail in the litigation. I hope that he does so, but it is a real challenge and we shouldn't try to convince ourselves otherwise."

Watch the video clip below to catch more of the conversation:

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Fox News senior meteorologist Janice Dean is perhaps even more disgusted with New York Gov. Andrew Cuomo (D) for his coronavirus response than BlazeTV's Stu Burguiere (read what Stu has to say on the subject here), and for a good reason.

She lost both of her in-laws to COVID-19 in New York's nursing homes after Gov. Cuomo's infamous nursing home mandate, which Cuomo has since had scrubbed from the state's website and blamed everyone from the New York Post to nursing care workers to (every leftist's favorite scapegoat) President Donald Trump.

Janice joined Glenn and Stu on the "Glenn Beck Radio Program" Tuesday to ask why mainstream media is not holding Gov. Cuomo — who recently published a book about his leadership during the COVID-19 pandemic — accountable?

"I'm vocal because I have not seen the mainstream media ask these questions or demand accountability of their leaders. [Cuomo] really has been ruling with an iron fist, and every time he does get asked a question, he blames everybody else except the person that signed that order," Janice said.

"In my mind, he's profiting off the over 30 thousand New Yorkers, including my in-laws, that died by publishing a book on 'leadership' of New York," she added. "His order has helped kill thousands of relatives of New York state. And this is not political, Glenn. This is not about Republican or Democrat. My in-laws were registered Democrats. This is not about politics. This is about accountability for something that went wrong, and it's because of your [Cuomo's] leadership that we're put into this situation."

Watch the video excerpt from the show below:

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As America grows divided and afraid to disagree with the Democrats' woke plan for America, Megyn Kelly is ready to fight back for the truth. For nearly two decades, she navigated the volatile and broken world of the media. But as America leans on independent voices more than ever, she's breaking new ground with "The Megyn Kelly Show."

She joined the latest Glenn Beck Podcast to break down what's coming next after the election: Black Lives Matter is mainstream, leftists are making lists of Trump supporters, and the Hunter Biden scandal is on the back burner.

Megyn and Glenn reminisce about their cable news days (including her infamous run-in with then-presidential candidate Donald Trump) and to look into the chaotic and shady world of journalism and the growing entitlement it's bred. For example, many conservatives have been shocked by how Fox News handled the election.

Megyn defended Fox News, saying she believes Fox News' mission "is a good one," but also didn't hold back on hosts like Neil Cavuto, who cut off a White House briefing to fact check it — something she never would have done, even while covering President Obama.

Megyn also shared this insightful takeaway from her time at NBC: "Jane Fonda was an ass."

Watch the full podcast here:

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