nick gillespie, editor in chief of reason.com and reason tv. katherine mangu-ward is editor in chief of reason and a fellow at new america. [applause] chibber is professor of sociology at new york university. [cheers and applause] and a person with a very active fan base, and the editor of catalyst. "posttest book is colonial theory and specter of capital." bhaskar sunkara is the founder editor of publisher of jacobin. [applause] we're going to begin by trying to define our terms. the first question, which is going to start with reason, what is capitalism? >> thank you very much, michelle. thank you very much to jacobin for organizing this debate. when they reached out to us, we thought this is going to be a delightful time. i hope you enjoy your time is much as we do. let's get it out the way. capitalism is a system that doesn't have any answers. it does not seek to impose answers to the question what should we produce, how should we produce it, who gets the stuff we produce? that kind of sounds like garbage. i will try to get little more nitt