and then another chance to see joyce appleby. tomorrow on "washington journal," law yun discusses a recent report that shows the decline in foreclosures for the first time in five years. they've heard --cavid chavern talks about strengthening small business. and george wilson looks at defense spending and one program that may be cut. "washington journal," live at 7:00 a.m. eastern on c-span. dollar supreme court nominee elena kagan is meeting with

you joyce appleby, why did call this book on the history of capitalism "the relentless>> that is what the history of capitalism has been, one ahead revolution in workplaces, areas of profit, productive centers -- one revolution after another. one economist said it well, capitalism is about creative disruption. we get all the new technology but sometimes we get to the messy part. every invention that succeeds wipes out its predecessor, and this may change where people to have. it never stops. as we know, having lived through 2008 and 2009, we now realize that this was not out of nowhere but that is what it seemed like that is a part of it that is a revolution going from boom time to burst bubble. >> define capitalism. >> a system in which private individuals take initiative with their own capital usually to enhance production or produce something that they can sell in the market for profit. i give that definition and it seems so ordinary and yet every element in that definition was an affront to the established customs and traditions of the societies in which capitalistic traditions be

. >> in the relentless revolution, you seem professor joyce appleby describing why this is a cultural situation. >> south korea -- south dakota senator john thune spoke at the annual meeting. he remarked on the and state of the country and the nation. senator thune is introduced by rnc chairman michael steele. >> i want to welcome all the view and thank you for what has been, we hope for you, a wonderful day and a half so far of the business and information. we really appreciate everything that the staff has done to put together this event for us. sarah, thank you for all of the hard work and dedication. we want to also make sure that we have an opportunity to welcome and north friend who is here with us, the hon. senator from the great state of arkansas tim hutchinson. thank you, sir, for being here. welcome. [applause] on a note that i know is personal so -- for so many of you and i think is important for us as a family to take note of, we have news to keep the national committee man from arkansas and in our prayers. he has been very seriously ill. in talking with the family from ar

guest: it's an open >> up next is "q&a" with author joyce appleby.then david cameron and nick clegg. then a press conference with hillary clinton and william hague. the senate returns tomorrow to continue work on the financial regulation bill. votes on several amendments are scheduled to get under way at 5:30 p.m. eastern. harry reid should file the closing debate and passage could follow later in the week. the house returns to debate several bills said 6:30 p.m. eastern on tuesday. they plan to return to legislation to reauthorize science and technology programs. it extends tax credits for unemployment benefits

after that, "q & a" with joyce appleby. then at 7:00 a.m., "washington journal."today a senate hearing on the oil spill off the coast of louisiana and clean-up efforts. they will hear from b.p. president and homeland security committee leader janet napalatano. >> defending the united states against cyber-attacks.

. >> in the relentless revolution, joyce appleby describes the history of capitalism. >> the new presidentthe minneapolis federal reserve, narayana kocherlakota, talks about financial regulation. he was appointed last october after 10 years as a consultant to the minneapolis fed. he discusses the financial regulation bill before the senate and his ideas for limiting bailouts of financial institutions. this is about half an hour. >> the key for the generous introduction. it is a pleasure to be here. -- thank you for the generous introduction. it is a pleasure to be here. i was here in august for the top. richard gave a fantastic talk. the theme of his address was to hide your banker h --u-- hug yor banker. [laughter] i thought about following that up with "kiss your banker,"but decided to go on a different direction. bankers collectively that that house prices would not fall within three years. we were wrong. this discrepancy between our expectations and realizations was the cause of the crisis. the congress is currently considering legislation to restructure financial regulations. no matte