Has capitalism failed?
Is it fundamentally greedy and immoral, enabling the rich to get
richer? Are free markets Darwinian places where the most ruthless
crush smaller competitors, where vital products and services are
priced beyond the ability of many people to afford them?
Capitalism is the world's greatest economic success story. It is
the most effective way to provide for the needs of people and
foster the democratic and moral values of a free society. Yet the
worst recession in decades has widely--and understandably--shaken
people's faith in our system. Even before the current crisis,
capitalism received a "bad rap" from a culture ambivalent about
free markets and wealth creation. This crisis of confidence is
preventing a full recognition of how we got into the mess we're in
today--and why capitalism continues to be the best route to
prosperity.
"How Capitalism Will Save Us" transcends labels such as
"conservative" and "liberal" by showing how the economy really
works. When free people in free markets have energy to solve
problems and meet the needs and wants of others, they turn scarcity
into abundance and develop the innovations that are the foremost
drivers of economic growth. The freedom of democratic capitalism
is, for example, what enabled Henry Ford to take a plaything of the
rich--the car--and transform it into something affordable to
working people.
In the capitalist system, economic growth doesn't mean more of the
same--grinding out a few more widgets every year. It's about change
to increase overall wealth and give more people the chance for a
better life.
"From the Hardcover edition."
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