Mike Williams’ Capital Idea

May Day has become a rallying point for anti-capitalist protest: “No Work, No School, No Shopping." But what if the deeper crisis is not exploitation, but confusion? In this short solo episode, Mike revisits his “Mayday for the Mind” theme (a speech he gave at Ben-Gurion University in Israel a few years ago) and argues that the real emergency is our failure to understand production, the role of the mind, the morality of work, and the difference between peaceful protest and real intellectual change. With sympathy for many Americans who feel squeezed or unheard, Mike argues that anger aimed at capitalism (freedom and rights protection) is tragically misplaced. From Occupy Wall Street to the Tea Party, from No Kings to May Day Strong, too many citizens protest with passion but without a clear understanding of the principles involved. As the nation approaches its 250th birthday, this episode calls for recovering the meaning of productive work, individual rights and the moral importance of the human mind.

What does civic engagement have to do with capitalism? More than most people think. In this episode, Mike Williams interviews Sue Moore of Liberty Scorecard Colorado about why free markets depend on informed citizens, accountable lawmakers, and a culture that takes liberty seriously. They also explore a tougher question: are people on the Right as consistent about free markets and individual rights as they claim? Liberty Scorecard Colorado is a volunteer-run, principles-based tracking system that evaluates legislation and lawmakers by how they affect individual rights, limited government, property rights, and free markets. The episode explains the scorecard’s methodology, how volunteers analyze bills, its role in educating legislators and citizens, and why consistent oversight matters to protect liberty and hold public officials accountable.

In this episode of Capital Idea, Mike and Mitch discuss recent tariff actions by the Trump administration, why tariffs function as taxes on American consumers, and how emergency powers have been used to impose them. They examine Congress’s constitutional role in taxation, recent House votes to challenge tariffs, and the economic impact on families and free trade principles.

Mike Williams interviews TerryJosiah Sharpe about his journey from skepticism about capitalism to embracing it as a tool for freedom, and how the Leadership Program of the Rockies helped shape that understanding. TerryJosiah shares how he founded Anthem Music Enterprises to use music and entertainment to address mental health, scale community programs for youth, and create career opportunities for artists. He recounts the impact of the program, the loss of a student whose recorded voice lives on, and his decision to step down as CEO to reclaim creative time while continuing to pursue projects that promote freedom and healing.

Mike Williams interviews Dr. Steve Crews, the 2025 Defenders of Capitalism Award winner, about his journey from a small farming town to West Point, a PhD in robotics, and leadership in the Leadership Program of the Rockies. Cruz explains how a commitment to reason and individual rights forms the moral foundation for capitalism. The conversation covers science vs. faith, education and accreditation, the promise and risks of AI, and the “free market of ideas.” Cruz shares practical advice for using AI responsibly and making principled, persuasive cases for freedom and opportunity.

Mike Williams interviews Nadine Strossen, former ACLU president, Senior FIRE Fellow, and free‑speech expert, about the vital link between free expression, capitalism, and a free society. They discuss campus censorship, government pressure on institutions and platforms, self‑censorship, and legal battles that protect viewpoint neutrality. Strossen explains why free speech underpins individual liberty and economic freedom, and matters not only for the one speaking, but also the one listening. She shares examples from her experiences at ACLU and FIRE, and urges education and civic courage to preserve the marketplace of ideas.

In this episode of Defenders of Capitalism, Michael Williams and Mitch Whitus sit down with Bob Schaffer, former U.S. Congressman, Chairman of the Leadership Program of the Rockies, and the acclaimed headmaster of Liberty Common School. They have a wide-ranging conversation on liberty, leadership, and the future of education in America. Schaffer reflects on the values that shaped him, the battles he fought in Washington, and why he ultimately turned to education as the most powerful lever for preserving a free society. The conversation dives into the tensions between public institutions and individual responsibility, the cultural headwinds facing capitalism, and what it really takes to cultivate independent thinkers in today's world.

Hosts Mike Williams and Mitch Whitus examine the Federal Reserve’s role in setting interest rates, its growing powers since the Great Recession, and recent political pressure on its independence. They explain how central banking influences inflation, borrowing, and the broader economy. Drawing on Hayek’s knowledge problem and the moral case for capitalism, the episode argues for preserving Fed independence (or moving toward freer monetary alternatives) to protect prosperity and limit political manipulation of the money supply.

Mike and Mitch discuss eudaimonia — the Greek idea of human flourishing — and why modern abundance (think Amazon Prime Day) hasn’t made Americans happier. They explore how media, distrust, and polarization feed a cycle of unhappiness despite technological and material progress. The episode looks at possible remedies: focusing on purpose, meaningful work, and strong relationships. And they have a debate on if wanting less, not just having more actually helps. These ideas are linked to a defense of capitalism by emphasizing the need to rebuild trust in and appreciation of oneself as conditions for prosperity, ultimately making the case for each individual to pursue eudaimonia.

Lord Daniel Hannan is one of the most eloquent defenders of classical liberalism in the modern era. A former member of the European Parliament and a key voice behind Brexit, Hannan has spent decades championing individual rights, free markets, and limited government on the global stage. In our conversation, he reflects on the enduring brilliance of the American Founding, the dangers of centralized power, and how capitalism—when properly understood—is not just efficient but ethical. He and Mike discuss the current ominous trends of protectionism and nationalism and why they need to be fought. Hannan’s historical insight and philosophical clarity make this episode especially relevant in a time when freedom faces growing threats from both Left and Right.   https://danielhannan.info/ @DanielJHannan on X

In this wide-ranging discussion about film, art, and activism, Mike talks with Jo Jensen, a seasoned film producer, political strategist, media consultant, and entrepreneur who has dedicated her career to helping principled candidates succeed without abandoning their ideals. In this episode, Jo shares how she transitioned from Capitol Hill to empowering liberty-minded voices nationwide. We discuss the cultural and strategic challenges of running as a freedom-first candidate, the power of persuasion in today’s media environment, and why authentic leadership is more vital than ever. Jo’s experience, energy, and optimism are contagious—this is a must-listen for anyone who wants to defend liberty in the real world, not just in theory. Check out Jo's new project, moviegoer on Instagram (@moviegoerinc) and LinkedIn (moviegoerinc) Films mentioned: Honor Flight Poverty Inc. She Rises Up The Test Miss Virginia

In this episode, Mike and Mitch cover a wide variety of topics and updates, including their review of the 2025 LPR Retreat and thoughts on Ukraine and Trump's Tariffs.

Mike interviews one of the 2024 LPR Defenders of Capitalism Co-Winners, Jameson Dion. They discuss Jameson's experience in LPR/DoC, growing up in Indonesia, his activism around school & parental choice post-Covid, the impact of policy & tariffs on international business, and much more.   Resources from this episode: Colorado Parent Advocacy Network

While Defenders of Capitalism are generally skeptical about President-elect Trump’s 2nd term cabinet nominations so far, we are excited about his choice for Energy Secretary: Chris Wright, CEO of Liberty Energy. Wright has a broad understanding of the need for cheap, safe, reliable energy and innovation, as well as the function that free markets play. Mike sat down with Chris in a wide ranging conversation in July of 2023 and we’re re-releasing that episode for our listeners after Chris' recent nomination for Energy Secretary.   Original Episode: Energy, Liberty, & the Outdoor Industry with Chris Wright

This special episode is a conversation with Emmy-award winning filmmaker Duncan Scott and long-time objectivist & producer Robert Begley on Individualism vs Tyranny and the film our culture desperately needs to see. Duncan and Robert tell the astounding story of the recovery and restoration of the Italian film of Ayn Rand's "We the Living." The film was made in Italy during World War II and the 80th Anniversary Restoration this year is the first-ever full restoration of this film classic.

In this episode, we wanted to bring in a unique lens on pro-liberty and capitalism in the media with journalist and economic analyst Brad Polumbo. Mike & Brad cover a lot of ground and explore how young people often identify with their understanding of a freedom ideology, but are frustrated and not wanting to associate with political parties. They discuss the evolving media and mostly biased coverage, policy makers not being held accountable for horrific COVID policies, public schools and colleges nurturing an anti-individual, anti-capitalist approach.  While understanding the alienation young citizens are experiencing, Brad provides a positive, often humorous and entertaining message.   Brad Polumbo Media: Instagram X (Twitter) YouTube

Now that the Democratic National Convention is over, we thought it would only be appropriate to talk about Kamala Harris’ VP pick – Tim Walz, current Governor of Minnesota. After our episode about JD Vance, we thought there’s no way Harris was going to choose someone worse than Vance, for anyone who understands and supports capitalism, but she may very well have... 

In this episode, we dive into the Paris Olympic Games with a thought-provoking discussion, acknowledging all the wokeness, Nationalism and culture war BS, but focusing on the pursuit of excellence.    We explore how the spirit of competition, innovation, and determination showcased in the Olympics parallels the principles of capitalism. Join us as we celebrate the athletes' achievements, examine the economic impact of the Games, and discuss how the best of human endeavor and entrepreneurial spirit.

Mike and Mitch discuss Trump's recent VP pick and his anti-capitalist, anti-American Founders views, as well as what it means to be a classical liberal. Voters must again decide between power hungry collectivists and the lessor of evils. Meanwhile, here's what pro-freedom supporters must do....

Drew Esquivel is the 2022 Defenders of Capitalism Runner Up and Vice President of First Bank in Greeley, CO. Mike interviews Drew on his experience with the Defenders of Capitalism Project as well as the question of if Elon Musk is truly a capitalist. Elon Musk is a successful entrepreneur and investor, but does he truly believe in the principles of capitalism and free markets, especially when his companies are subsidized by federal loans.

We see celebrities, athletes, and very successful entertainers in pop culture who seemingly benefit from capitalism and free markets but are advocates for socialism and other anti-capitalism ideas. Mike and Mitch dive into this paradox and how it impacts society.

After the recent Iran attack on Israel, Mitch and Mike cover the deep connection between the current wars in Ukraine and Israel and the role of defending capitalism.

Bernie Sanders recently proposed a new bill, the "32-Hour Workweek Act". In this proposal, the act would include a reduction to a 32-hour workweek without a decrease in pay or benefits. Although this sounds appealing, Mike and Mitch discuss the possible implications and potential repercussions with a mandated 32-hour workweek. Instead, defenders of capitalism should advocate for freedom in the workplace when it comes to how people want to spend their time, rather than more government force.

Who Is Poisoning the Blood? Trump's rhetoric. You heard that right -- it's time to call out Trump's rhetoric on immigration in December 2023 (and prior). Capitalism and immigration go hand in hand, and Trump's inability to acknowledge the connection is poisoning politics more than ever before and furthermore letting down the people who follow him. Mitch and Mike shed light on the disturbing quotes from Trump and how they are exactly the opposite of the ideals of capitalism.

Capitalism is the system of the entrepreneur, and it is that growth mindset that fuels innovation, freedom, and true progress. In this episode, Mike covers the book 10x Is Easier Than 2x by Dan Sullivan (Founder of Strategic Coach) with organizational psychologist Dr. Benjamin Hardy. The book showcases the entrepreneurial mindset and why the idea of setting higher goals and standards is easier than setting smaller ones. Whether or not you are an entrepreneur, the principles of 10x Is Easier Than 2x foster the celebration of success and growth and can be applied in all walks of life. 

Roger Pattison is the Chief Development Officer of ACE Scholarships and the 2023 Defenders of Capitalism Runner Up. ACE Scholarships provides children of lower-income families with scholarships to private schools in grades K-12, and to advocate for expanded school choice. Mike interviewed Roger on school choice, the impact of the covid lockdowns on student performance, and the flip flops of the people on the left and right regarding education. They also discussed the surprising election of Javier Milei, Argentina's new president. Many view this as a political miracle with mainstream criticism starting before he even takes office. Roger shows how it could be a great study in freedom and capitalism.

In this episode, Mitch and Mitch cover essential books that are the building blocks for a foundation of capitalism and formative to the liberty movement. Books mentioned: Adam Smith - Wealth of Nations Fredrick Bastiat - The Law Fredrick Bastiat - Economic Sophisms Murray Rothbart - Man, Economy, and State with Power and Market Milton Friedman - Capitalism & Freedom Milton Friedman - Free To Choose Hernando de Soto - The Mystery of Capital Ayn Rand - Atlas Shrugged Ayn Rand - Philosophy: Who Needs It Henry Hazlitt - Economics in One Lesson Henry Hazlitt - The Conquest of Poverty Yaron Brook & Don Watkins - Equal is Unfair Yaron Brook - Free Market Revolution Don Watkins - Rooseveltcare: How Social Security is Sabotaging the Land of Self Reliance and more...

Most people like the benefits of creativity and innovation, but they don't see the reason to protect creators' and inventors' rights, which causes an intellectual property (IP) warzone. In this episode, Mike and Mitch review the arguments surrounding intellectual property and defend why intellectual property is a moral and economic right, deriving from protecting one's mind's creations.

After the devastating news of the Hamas terrorist attack on Israel, the world has its eyes on the middle east. From a capitalist' perspective, Israel has the right to defend itself and further than that, crush the Hamas terrorist organization. In this episode, Mike and Mitch dive deeper into that reasoning and the implications the Israel-Hamas war could have for the current geopolitical landscape.

Mike interviews Jason Letman on Colorado Proposition HH and its implications on Colorado's Taxpayer Bill of Rights (TABOR). Jason Letman is the President of Consultus Asset Valuation, and an expert in property tax consulting and real estate valuations. Proposition HH is on the ballot for the November 7, 2023 Colorado election.

Josh Hawley, the Republican Senator from Missouri, recently introduced the Capping Credit Card Interest Rates Act which would cap interest rates at 18%. People like this idea of capping credit card rates, but what would this act really mean for the economy, and how did we get here - where most Americans are in credit card debt?

Mike shows how capitalism is for grown-ups AND for playful kids of all ages, but no one in between. This means individuals, to truly achieve happiness, must learn to produce, to value trade, working hard, and making choices for their own life. It’s also about creativity and simple joys. The true meaning of capitalism and the human experience of thriving is rejecting the unearned and celebrating your growth and the collaboration with others growing with you.

It's been two months since the SAG-AFTRA strike started, and it doesn't look like there's an end in sight. In this episode, Mike and Mitch discuss why this strike is important for freedom of assembly and individual rights, but also an example of the difference between economic and governmental force.

Have Environmental, Social, & Governance (ESG) issues gone too far? Mitch and Mike dive into the slippery slope of ESGs and their influence on stakeholders, marketing, and property rights.

Mike interviews the 2023 LPR Defenders of Capitalism Winner, Mary Callan. They dive into Mary's experience in LPR/DoC, her PhD in Bio-Agricultural sciences, and being a capitalist as a former catholic nun.

Mike interviews Chris Wright - the CEO and Chairman of Liberty Energy and fellow outdoor enthusiast. Chris has been integral in the oil industry for years but is more recently known for his viral video "Thank You, North Face." Mike and Chris dive into the story behind the hypocrisy of North Face and the outdoor industry, when it comes to the oil and gas industry. How did we get here? Is it just virtue signaling or climate mania, or is there something else going on?

What are the CO State legislators thinking? Senate Bill 184 is trying to create "fair housing rules for renters," but it will likely do anything but that. Mike and Mitch review what this senate bill means to landlords, renters, and the Colorado housing market.

In this episode, Mike and Mitch discuss the new artificial intelligence, Chat GPT. They cover what Chat GPT does and theorize on what it might look like in the future and if it will play a role in the job market and individual rights?

The mask is off when it comes to the Marxists in Colorado classrooms, and it isn't pretty.... but Mike thinks it's good news. Recently, the Colorado Education Association (CEA), the largest teachers' union in Colorado, adopted an explicitly anti-capitalism resolution, revealing their utter lack of understanding of capitalism and its principles.  

Should we trust our elections? Mike and Mitch discuss the importance of election integrity, debate voting rules, and evaluate the Dominion Voting Systems/Fox News lawsuit.

Mike and Mitch discuss the tax code in all it’s complexity and compliance costs, aimed especially at young people having a better understanding of the American tax system and the social engineering that goes with it. Covering ground such as perverse incentives, moral hazards, progressive vs regressive tax structures, the numbness caused by employer tax withholding, etc.

With the Trump Indictment being the biggest thing in the news circus, Mike and Mitch contemplate whether Trump's indictment is an issue on the rule of law or really a perversion of justice.

Mike interviews the 2022 LPR Defenders of Capitalism Winner and petroleum engineer, Clay Doke. They discuss Clay's experience in LPR/DoC, growing up in rural Colorado, and the science, economics, and politics of energy extraction, and much more.

Fear of globalization has recently gained traction since the shutdowns associated with Covid-19 and doesn't seem to be going away. So, in this episode, Mike and Mitch uncover what globalization actually means and outline why globalization itself is pro-freedom and pro-capitalism.

Does the US Food and Drug Administration really have one's individual health in its best interest? And does the FDA overstep its authority? Mike and Mitch discuss the role of the FDA and how it could be improved in a capitalist society.

Banning gas stoves?? Say it ain't so!  In this episode Mike and Mitch discuss the recent furor over comments from the federal government--should bureaucrats regulate how we cook food because of safety and pollution concerns?

Mike and Mitch discuss the recent bankruptcy/fraud of Sam Bankman Fried and subsequent meltdown of the cryptocurrency markets. Is it a sign of a bankrupt culture with central banks keeping interest rates artificially low such that charlatans and swindlers, operating under the guise of effective altruism can so easily scam the public with cooperation with corrupt politicians? …the opposite of capitalism in every respect…

Mike’s guest, 2015 Defenders of Capitalism Award Winner, Karen Hoida, is an executive with an international non-profit organization.   They discuss the role of self-sufficiency, self-interest and purposeful action, along with the confusion many have about charity, giving and non-profit organizations. 

In this episode, Mike and Mitch discuss how they find good news sources in the sea of fake or biased news all around us. How do you find a trusted news source and know who are the experts?

As the results of the midterm elections become finalized, Mike and Mitch review the implications of both the national election and local election results in Colorado. One thing they agree on is that the expected Red Wave in 2022 was more like a Red Ripple...