America's Crossroads: Free Enterprise or Socialism?

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Imagine an economy that produces unimaginable prosperity, an economy that promotes real happiness, fairness, and helps the poor.

Imagine an economy that doesn't just make us better off, but makes us better.

What if we could build it?

American Enterprise Institute President Arthur Brooks says -- no need.

In his new book, The Road to Freedom, Brooks says that economy has already been established here in America by the nation's founding fathers in the form of free enterprise.

But Brooks told Newsmax in a recent interview that the United States now resembles a social democracy.

"We certainly do have social democracy already if you look at the numbers and I'm afraid that austerity's in the future," he said.

"If you look at any of the ways that we measure the size of government, if you look at the social democracies of Europe, we're already neck and neck with those guys."
Brooks warns that America now faces a critical choice: continue down a path toward a European-style, big-government model, or renew our founding fathers' vision for a free, capitalist society.

Arthur Brooks talked more about his book and the importance of free enterprise on the "The 700 Club," May 10. Click play for the interview.

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