Nationally syndicated radio talk show host Mark Levin (Wikimedia Commons Photo)

On his show Tuesday, nationally syndicated radio talk show host Mark Levin explained how "capitalism has gotten a bad name" recently, despite the fact that it is the best economic system, and he asked his audience, “Under what economic system is there more food available to more people?”

“Capitalism has gotten a bad name, ladies and gentleman, and it is time to defend it," said Mark Levin. "It’s time to explain it. When people walk around and they see the luxuries that are available in this society and nowhere else, and by luxuries I just mean the basics, luxuries in every other society. It’s taken for granted.

“Let me ask you something,” continued Levin later in the program. “Under what economic system is there more food available to more people? It’s ours. Under what economic system is there more housing available to more people? It’s ours. Under what economic system do the vast majority of people have clean running water and sewage systems and electricity at the flick of a switch? Ours. Under what economic system do most people have one color television, do most people have an automobile? Ours.”

Below is a transcript of Levin’s remarks from his show Tuesday: