Capitalism is widely misunderstood even as we enjoy the riches of a capitalist system. Today, I have Dr Michael Munger on the show to explain what exactly a capitalist system is and how to understand it using just three principles. We get into the enormous benefits of capitalism and of course the 100% rate of failure that socialism has. Find my guest at  Find his article that we discuss here:  Find me at Follow me on Twitter @buckrebel  Go to our iTunes page and hit the subscribe button!