John Stossel

Michael Moore is confused.

His new movie, "Capitalism: A Love Story," begins by suggesting that all was well until Ronald Reagan became president and cut the top 90 percent income tax rate. Everything was downhill from there.

But by the end of the movie, he says the problems really began in 1945, when Franklin Roosevelt died without enacting his proposed Second Bill of Rights, which would have "guaranteed' everything from a "remunerative job" and a "decent home" to "adequate medical care," a "good education" and "adequate protection from the economic fears of old age, sickness, accident and unemployment."

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Adding to the confusion, he lavishes praise on Barack Obama and his "spread the wealth around" rhetoric. But Moore also demonizes as symbols of capitalism Clinton Treasury secretaries Robert Rubin (formerly of Goldman Sachs) and Lawrence Summers, and former New York Fed President Timothy Geithner without mentioning that Rubin has been Obama's adviser and that Summers and Geithner are, respectively, his chief economic guru and treasury secretary. Nor does he acknowledge that Obama continued the bailout policies of George W. Bush.

Moore declares capitalism evil, but he's never clear about what "capitalism" means. Considering how much time he spends documenting the cozy relationship between business and government, I thought he might mean "state capitalism."

But then he uses the term "free market" as a synonym for what he doesn't like.

What does the free market have to do with businesses manipulating government and strong-arming Congress for bailouts? Moore properly condemns both.

What does he want instead of "capitalism"? He's coy about that. Claiming that the public became increasingly curious about socialism once Obama was accused of favoring it, he goes to the only self-described socialist in Congress, Sen. Bernie Sanders, to ask for a definition. Socialism, Sanders tells Moore, means "the government represents the middle class and working class, not the wealth."

Huh? That's socialism? It's not government ownership of the means of production and the abolition of private property and free exchange? Sanders reads Marx and Lenin very broadly. By his definition, I'm a socialist. I want government to represent the middle and working classes. Of course, Congress does that best by leaving them free, economically and otherwise.

John Stossel

John Stossel is host of "Stossel" on the Fox Business Network. He's the author of "No They Can't: Why Government Fails, but Individuals Succeed." To find out more about John Stossel, visit his site at > To read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at ©Creators Syndicate