steve forbes, why is it that free markets are more government enabled. what is an example of that. >> guest: obviously, functions of government have been big government. but the terms of big government not being moral is the opposite of what it does. it ends up creating the environment where we have less ability to get ahead, it creates dependency, it plays crony capitalism, which hurts career entrepreneurship and opportunity. all the government and what it says it does, helps the poor, make sure that markets on the right direction, they actually do the opposite. they are short-term oriented to the next election. they have their own agenda. they don't respond to the marketplace the way a business should. they have their own agenda in terms of those special interest groups and the like. the bigger they get from them were hardly due to the economy and the less chance that they have to improve your lot in life, as abraham lincoln put it. >> host: is reality a part of capitalism to smack it is the basis of capitalism. contrary to the hollywood cartoon charac

. >> elizabeth ames, what is it like to write a book with steve forbes? >> is a great learning experience and in a way it was sort of like a higher education. >> customized better. >> one of the themes we have been talking with here through the best of all about is the amoral as of capitalism. is there a moral component in your view? >> yes there is and that will be the subject of the next book coming out at the end of the month at the end of august. capitalism is immoral because again, it is about meeting the real world needs of other people and its a free-market transaction as a reciprocal exchange but it's each person provides a benefit to fielder. george gilder to why so you interviewing talks about it as giving, each side gives to the other. succumb to what was on, basically people who are -- who don't believe in the government they see the free-market transaction as a one-sided transaction that is exploitation but each side gets the benefit. it may not be ideal but there is benefit in the transaction otherwise it would not occur because in the free

"how capitalism will save us" and here is book by elizabeth ames and steve forbes. freedom manifesto and the said title is? >> guest: why big government is bad. why isn't the government moral? >> guest: the government makes decisions and action based on political agendas, based on a selfish political interests. it's really about meeting it sounds needs in free markets are made in the real-world needs of people. >> host: a seminar follows economics and journalism seminars opinions of this issue, bernie middaugh, jamie diamond, in your view, with those two treated fairly by the federal government? >> guest: i wouldn't even put them in the same breath actually. i think bernie middaugh scott what he needed to do. i think of him as a serial killer of capitalism and you don't condemn a whole society because of criminal elements of street crime. he does say everyone should be in jail. there's bad people in all systems, but the capitalist system, free-market system is going to channel people's self-interest into the most constructive activity that benefit everyone. >> host:

no. >> host: what is it like to write a book with steve forbes? >> guest: a great learning experience. almost like higher education. >> guest: one of the themes we have been talking about is the moralism of capitalism. is there a moral component to capitalism? >> guest: yes and that is the subject of the next book at the end of the month. capitalism is immoral because it is about meeting real world needs of other people. free market transaction is a reciprocal exchange. each person provides benefits to the other. each side gives to the other. really great on wealth and poverty. people who believe in big government see a free market transaction, there is exploitation and it is not about that. each side gets benefits. it may not be ideal, there is benefit -- it is in a free market. that is what makes it to both sides. unilateral transaction takes place between the individual and government. >> host: was your enthusiasm for mitt romney as a candidate? >> guest: i think he will be a very good president. he is saying things here. >> host: you mentioned

take it from two of my guests, steve forbes and tom steyer, both major contributors to campaigns, steveo the right and tom to the left. we look to people with that kind of campaign experience for insight how we can possibly get closer to a place where money has less influence or at least a little bit more transparency. >> i'm proud to serve the people of california where the power of money is more open than other states. the federal level super packs and other loophole strategies allow for a murky relationship between voters and those running for office. it's important to remember that this issue isn't purely political. as author dan ariely explained our human inclination toward dishonesty and deception is central to understanding how we can reform the current process. it is certainly a challenge. if we continue to have conversations like the ones you heard tonight i'll hope we'll at least continue to pushing nfl of what is possible and get to a point where we all demand to getting money out of politics. thanks for watching the show. let's continue the conversation on our web page, twit

and since it is a flat tax steve forbes can weather it. >> steve would like everybody to pay the same percentage. but right now, aren't the wealthy already paying it? top three percent are paying over 50 percent of income taxes, how much more can you squeeze them? >> i met mayor booker and i like him but he's wrong. you are taxs and punishing the accidents that are creating the businesses. that's what obama's plan would do and not what you want to do. that hurts the economic recovery and if you look at jobs report it remains so dismal despite being the third year of recovery. >> victoria, i was looking for figures as mike talking. by 2007, 79 percent of the businesses in america were pass through entitis and four million s-cor but the bottom line, that means a lot of small businesses are filing as individuals that means the small businesses would get hit by the tax increases. >> sure, small businesses get hit and that is a higher cost of the doing day-to-day business and that means they will hire less and that is bad news for the economy overall. if you are talking about the notion of

it's because renovated for doing things that inspire the rest of the world to >> author steve forbes is trying to send booktv on c-span 2. >> up next -- >> on your screen now is the cover of a new book coming out august 2012, "seven principles of good government: liberty, people and politics." it's written by former new mexico governor, gary johnson. and he is also the libertarian party nominee for president in 2012. governor john said, when and why did you leave the republican party and become a libertarian? >> you know, i've probably been a libertarian my entire life. this is just kind of coming out of the closet. i don't think i am unlike most americans. i think there's a lot more americans in this country that declare themselves libertarians as opposed to voting libertarian. so the picture and trying to make right now is vote libertarian with me this one time. give me a shot at changing things. and if it does somewhere, you can always return to tyranny and i'm going to argue that so so we have right now. >> what are the seven principles of good government you read about? >> one a

steve forbes who is author of "freedom manifesto" it is a must read book to read . rick unger and elizabeth and rich and victoria. >> steve, is it time to cut them off. >> cut off or partial cut off . egypt and other countries if you can't protect, you shouldn't get free money from us. that is basic. rick unger, it is our mon yewe should be able to decide. and if they can't protect our embassy and treat us with a decency, shouldn't we cut them off? >> the issue is you can't make foreign policy in reaction to short term events. we know it is awful and i will be the first to agree those governments should have protected our embassy. it does no good to have a rahn paul reaction. >> emake >> we did it in north korea and south africa and cutting off the west bank and the gaza strip and done if with honduras in 2009 and ith the sudan. i think the muslim brotherhood is a long-term event and al-qaida influences. we don't know if our tax money is going to ours and intelligence officials tell me they would support cutting off pakistan as well and the cheap yest best way to do

we'll ask steve forbes. the tea party is a voting block, will it get mitt romney in the election. and a crisp new environmental regulations, we'll be talking to the leader of the state's republican party. we want to hear from you, send your e-mails right now to varney@foxbusiness.com and we're going to read them live on the air as they come in. and now next up, seven early movers, designer michael kors raised the profit guidance. up 3 points. western asset mortgage capital more than doubled its quarterly dividends and those are shares up up nearly 2 points at 23 bucks. and software maker, took in less than expected and trading is up to almost $31 and amgen says the fda approved a new use for the bone building drug, and that stock is down. nearly 82 bucks and profit up 12% at uniform rental company cintas. and that is trading 41.29. and now, mcdonald's is not the only company raising dividend. health care company providian is, too, and it's trading prakzally, covidien. and oracle stock up, revenue slipped. or

[laughter] i would like to call my first witness, the great, honorable steve forbes. >> very good. [applause] >> mr. forbes, will you be seated there, please? i have a copy of "how capitalism will save us: why free people and free markets are the best answer in today's economy," by steve forbes. would you, please, put your hand on it, sir? do you swear to tell truth, the whole truth and nothing but the truth, so help me my best book? >> well, i've got a better book coming -- [laughter] it can be ordered on amazon. [laughter] >> mr. forbes, thank you for being here. i'm under the understanding that you own a yacht. >> yes. >> does that make you an evil person? >> i think it makes me a person that other people would like to be. [laughter] >> would you please tell the -- >> as my father liked to say, money may not buy happiness, but it sure helps. [laughter] >> now, let me ask you this question, do you think that getting rich is an evil pursuit in this country? >> i think real entrepreneurs get rich by providing to the needs and wants of others, by providing services. you get rich tha

. >> kuran book tv on c-span2 we want to introduce you to the author who's written a book with steve forbes how capitalism will save us and why three people and free markets are the best answers in today's economy. first of all tell us about yourself and your personal experience particularly when it comes to economics. >> i've been a financial journalist, but i've also been on both sides of the press release so i started as a journalist and i also the project's other communications projects among them this writing and basically i worked with steve on his tax bookend conversations led to the idea for this folk. >> how did you meet steve? >> i met him years ago at an event that i did when i was working at the university of southern california, and one thing led to another. i moved to new york and actually i am from new york and i started working at forbes to reassess the mexican elizabeth ames from your experience prior to working at forbes how do you inject that into how capitalism will save us? >> i've learned a lot since. when i was there learned a lot about the market's, and again i was a

ed rendell, jack reed, jarod bernstein, steve forbes and bill burton. let's get you up to speed on this morning's other top stories. first up, the ecb will be meeting on thursday. this is expected to be a big meeting. they're expected to go ahead and announce details of a bond buying program despite the region's sovereign debt cries. mario draghi is telling european lawmakers purchases of short-term sovereign bonds by central bank would not breach eu rules. >>> in the meantime, moody's is changing its outlook on aa rating of european union to negative and the agency is warning it might downgrade the bloc if it decides to cut the ratings on the eu's four biggest budget backers, germany, france, oous and netherlands which make up 45% of the budget. >>> back in the united states, the new york attorney general is investigating whether private equity firms have abused tax strategy in order to cut hundreds of millions from their tax bills. eric schneiderman wants documents that reveal whether they converted certain fgt fees into investments which are taxed at

i would move myself towards steve forbes flat tax. this is what i call representation. taxation with representation and set up representation without taxation. dennis: thank you for being with us. cheryl: i happen to know one of those as well. president obama addressing world leaders at the un just a couple of hours ago. he outlined his view for the region. listen. >> i am convinced that ultimately government of the people, by the people and for the people. it is more likely to bring about the stability, prosperity and individual opportunity that serves for a basis and peace in our world. cheryl: ronnie taking advantage of recent violence. we are joined right now by stuart varney. has he gone completely off track at this point? >> a fundamental misjudgment of islamic, north africa and the middle east. can you name me a single country in that region which has a democracy that you and i would recognize as a democracy? cheryl: i would have told to egypt, but not now. >> showed me individual liberty. you cannot show it. the president has a fundamental misunderstanding of th

manifesto, where free markets are moral and a government isn't it will be talking with her co-author, steve forbes as well about this book. argues targeted killings did not make us safer. this is about an hour and a half. [cheers and applause] >> thank you. it's wonderful to be here in buffalo and to be talking about an issue that is obvious they vary near and dear to my heart, drone warfare. i want to give you a little background first about why i wrote a book on drone warfare. it really dates back now to over 10 years when the u.s., after 9/11 invaded afghanistan. i do know some of you are to run to remember, but others have asked might remember looking at our tv screens and seeing the pictures of these very serious the new weapons that we had in this idea that we now have these precision weapons would only target people they wanted to get. i would not result in capital or damage. it was almost a way to say to people, calm down, don't be worried. we won't be killing innocent people. so i was worried because i don't have a sense the latest and greatest new weapon is going to attack innocent peopl

welcome to "forbes on fox." steve, what do you think of this romney tax plan? >> it increases take-home pay, middle class family, $2,000 extra in their take-home pay, and more importantly it reduces the price of doing work, being productive and taking risks. lowering that price, lowering tax rates. that's the way to get the economy going. worked for kennedy, for reagan, worked in the early part of the last decade. it will work again. >> we have to do something. since the recovery began, by the way, june 2009, household incomes are down 5.7%. that's since the recovery. when you're in a recovery, incomes are supposed to go up. >> yeah. what's disstressing and concerning is, at this point i don't know what governor romney has in mind. he's been saying all along he'll reduce taxes and shows up in ohio -- >> reducing tax rates. >> he shows up and says don't expect a huge tax cut, because what he's doing is lowering deductions and exemptions. great. i wonder if somebody will get around to telling me what those deductions and exemptions are that he's going to lower. h

welcome to "forbes on fox." steve, what do you

steve ford's? >> guest: i met him at an event when i was working at the university of southern california. i move back to new york and started working out "forbes in the pr department. >> host: so elizabeth ames khmer practical experience prior to working at "forbes," had even checked that into how capitalism will save us? >> guest: basically have learned a lot since ford's. i've learned a lot about markets and again i began as a journalist many years ago as a journalist. so it's a notch printer, i learned about the this you need to have economic freedom to create jobs and is something i learned

forbes list of the top hundred richest came owl and bill gate gates is one. number 13 is shared by the google co founders, both with 20.3 million. 28 is the widow of steve jobs.ebook's ceo slipped down to number 36, his net worth is 9.4 billion. that is 8 billion less than last year due largely to facebook's poor stock performance. >> san francisco educators are plotting a new law to let schools keep all the money they make when their campuses used for special event event parking. one school uses its playground as a parking lot during big music shows. before the new law took effect schools had to turnover parking proceeds to the city. >> they were making six to ten thousand dollars an event parking fundraiser event. >> parents who volunteer at events say most drivers happy to learn the tab will go toward helping students. >> members of the public had a chance to weigh in tonight on the bart to livermore extense. transit officials discussed it at a public meeting. the extension would eventually take it from the existing dublin station along 580 to a new station in the area of isabel avenue. >> welcome back. show patchy fog at the coast. tomorrow looks a lot li

forbes list of the top hundred richest came owl and bill gate gates is one. number 13 is shared by the google co founders, both with 20.3 million. 28 is the widow of steve jobs.acebook's ceo slipped down to number 36, his net worth is 9.4 billion. that is 8 billion less than last year due largely to facebook's poor stock performance. >> san francisco educators are plotting a new law to let schools keep all the money they make when their campuses used for special event event parking. one school uses its playground as a parking lot during big music shows. before the new law took effect schools had to turnover parking proceeds to the city. >> they were making six to ten thousand dollars an event parking fundraiser event. >> parents who volunteer at events say most drivers happy to learn the tab will go toward helping students. >> members of the public had a chance to weigh in tonight on the bart to livermore extense. transit officials discussed it at a public meeting. the extension would eventually take it from the existing dublin station along 580 to a new station in the area of isabel avenue. >> welcome back. show patchy fog at the coast. tomorrow looks a lot

steve. we are now going to close with our keynote speaker, andy greenburg, writer and focuses on technology information security and digital, civil liberties. he currently writes for forbesd is the author of the book tim mentioned earlier called this machine kills, how the wikileakers activists and to free the world's information. please welcome andy. [applause] >> i'm sorry to inflect powerpoint on everybody. what i learned today is people have a security don't use powerpoint anymore and people that are really good at security don't use e-mail anymore. if you want to contact me have your people call my people. i'm technology reporter with for this and i've written a book that tells secrets, that sounds much more dangerous, but the future has come up because run the the part where they say to mardy no more secrets. that is what my book is about. there's a shift that has come up a couple of times today, and i see it as a security reporter covering this industry the last two years the shift away from security through obscurity to read the talk is not just about my book which is about the kind of history of anonymous information leaks and the future of them this is also abo