This is the Cato Daily Podcast for Thursday, September 13, 2012.

I'm Caleb Brown.

The Reformation of Congress now underway will not be welcomed by those currently in power.

So says Matt Kibby, President and CEO of Freedom Works,

an author of the new book Hostel Takeover,

resisting centralized government stranglehold on America, we spoke earlier today.

Your book is called Hostel Takeover, and if anyone were paying attention to the Republican

National Convention, that seems an even more appropriate

title, given how the youthful energy that was being injected in the Republican Party through Ron Paul's

delegates were treated pretty poorly and it seems almost as if the RNC was

trying to say something like well once we put down this Ron Paul rebellion,

we can start to focus really on getting some new energy

into this party.

It was really a classic behavior of entrenched management

fighting against the shareholder uprising, and that's the whole point of the title of the book is a as a

Takeover is when the shareholders realize that management is driving the company into the ground and they

reassert their property right they show up at the shareholders meeting and

usually somebody gets fired. When that happens senior management circles the

wagons they they have all these mechanisms for protecting themselves

and they start attacking the shareholders, they start attacking the customers, that's what a hostile

takeover is and it played out right on the Republican Convention floor.

It seems that within the Republican Party, certainly within the Democratic Party,

...