The Power of Capitalism: A Journey Through Recent History Across Five Continents - Hardcover

Zitelmann, Rainer

Hardcover

ISBN 10: 191255500X ISBN 13: 9781912555000

Verlag: LID PUB, 2019

Inhaltsangabe

"The market has failed, we need more government intervention" - that's the mantra politicians, the media and intellectuals have been reiterating constantly ever since the outbreak of the 2008 financial crisis. By taking the reader on a journey across continents and through recent history, Rainer Zitelmann disproves this call for greater government intervention and demonstrates that capitalism matters more than ever. The author provides compelling evidence from across the world that capitalism has been the solution to a number of massive problems. He compares developments in West and East Germany, North and South Korea, capitalist Chile v. Socialist Venezuela, and analyses the extraordinary economic rise of China. For many people, "capitalism" is a dirty word. This book provides a timely reminder of capitalism's power is enabling growth and prosperity and is alleviating poverty.

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Über die Autorin bzw. den Autor

Rainer Zitelmann is the author of 19 books (his most recent being The Wealth Elite). He was previously a senior editor at Dei Welt newspaper.

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For many people, the collapse of one socialist regime after another in the late 1980s firmly established market capitalism as the superior system. Nevertheless, anti-capitalist resentment – sometimes latent, sometimes expressed openly – not only still persists in some quarters but has gained a lot of ground in the wake of the 2008 financial crisis. Policy makers, media commentators and intellectuals almost unanimously interpret the crisis as a failure of the market, or of the capitalist system, that can only be resolved by more government intervention.

This book was written as a response to these views and was driven by the worry that we are about to disown the foundations on which our economic prosperity is based. For many people, ‘capitalism’ is a dirty word. Although these negative connotations frequently date back to well before the financial crisis, the proponents of a genuinely free market increasingly and themselves on the receiving end of accusations of ‘market radicalism’.

Details zur Ausgabe

• Verlag: LID PUB
• Erscheinungsdatum: 2019
• Sprache: Englisch
• ISBN 10: 191255500X
• ISBN 13: 9781912555000
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 256
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar