We tend to identify political candidates by their party affiliation, or try to peg them as liberal, moderate, or conservative. It’s a shorthand with which we’re comfortable. But John Locke Foundation President John Hood suggests there’s a more meaningful and useful way to gauge political distinctions.

On this weekend’s edition of Carolina Journal Radio, John contrasts the two very different concepts: welfare politics versus investor politics. Here’s a sample from the interview. John first wrote about this in his 2001 book, Investor Politics: The New Force That Will Transform American Business, Government, & Politics in the Twenty-First Century.