Defining libertarianism and Austrian economics with Walter Block

­The US Treasury declined GM's offer to buy back 200 million of the 500 million shares the US currently holds, according to the Wall Street Journal. In 2009 GM received a $50-billion bailout from taxpayers. Now, GM executives upset over pay restrictions and the stigma of “Government Motors”, want to buy back shares at a price that would cause taxpayers to lose billions of dollars in the deal. Can anyone argue we still live in a capitalist society?

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