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ABC’s 20/20 consumer watchdog trumpets capitalism

Libertarian John Stossel came to Madison on Monday to defend capitalism and condemn government regulation.

“Freedom will protect us better than government,” Stossel told a crowd of about 800 at the Union Theater during a lecture sponsored by the conservative student group Collegians for a Constructive Tomorrow. He was introduced by radio talk show host Vicki McKenna of WIBA/AM 1310.

Stossel is co-anchor of ABC News’ “20/20” and the winner of 19 Emmys. His new book is called “Myths, Lies and Downright Stupidity: Get Out the Shovel — Why Everything You Know is Wrong.”