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Cenk Uygur Cuts Peter Schiff's Mic After He Says We Have Centrally Planned Economy

Cenk Uygur, host of a new program on Current TV, cut off Peter Schiff from his show after the new went head-to-head over capitalism.

Cenk couldn't take being hammered over a "centrally planned socialist economy" so he cut Schiff's microphone and booted him from the show.

β€œAre you saying the bankers are not guilty of this at all?” Cenk asks.

Schiff responds, β€œWe don’t have the benefits of capitalism any more because we don’t have capitalism β€” we have a centrally-planned socialist economy, and that is why the average American is getting poorer.”

Cenk cuts Schiff off β€” though Schiff keeps talking for two minutes into the void β€” and Cenk says, β€œHe wants to blame the government for the problems, but he knows it’s his banker friends who have given those donations, who buy their senators, who buy their staff members, so they can get more money. He doesn’t want you to pay attention to that, because that’s how they rob you. And he comes on here and goes, β€˜Oh, no no, it’s socialism.’ Socialism, my ass! The real problem is β€” and he’s talked about it in the past, but he didn’t talk about it there β€” corporatism, where the corporations come in and rob us blind.”

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