The Power of Capitalism - by Rainer Zitelmann (Hardcover)
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<p/><br></br><p><b> Book Synopsis </b></p></br></br>"The market has failed, we need more government intervention. That's the mantra politicians, the media, and intellectuals have been reiterating 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 analyzes the extraordinary economic rise of China. For many people, capitalism is a dirty word. This book provides a timely reminder of capitalism's power in enabling growth and prosperity, and in alleviating poverty.<p/><br></br><p><b> Review Quotes </b></p></br></br><br>The book is almost entirely free of economic jargon; its intention is to explain, not to show off. Nor does the author hide behind faux-neutrality: Zitelmann is a passionate believer in free markets, and he is completely upfront about that throughout the book. This year, there has been a deluge of books which, in one form or another, make the case that socialism deserves another try. What they all have in common is the conspicuous absence of a single, positive real-world example. This "counter-zeitgeisty" book, which makes the unfashionable case for capitalism, does the precise opposite. The Power of Capitalism leans very heavily on real-world examples throughout, and constructs its arguments on that basis. <i>Kristian Niemietz, Head of Political Economy, Institute of Economic Affairs, London </i><br><br>Zitelmann's book is a must-read for both opponents and proponents of capitalism. With such a wealth of well-researched facts and figures, this book presents a real challenge to anti-capitalists. Supporters of capitalism will certainly appreciate the strength of Zitelmann's arguments, which have never been summarized and presented in this way before. Above all, his original reflections in Chapter 10, 'Why Intellectuals Don't Like Capitalism', provide plenty of food for thought." <b>--<i>Huffington Post</i></b> The writing is a treasure trove of concise arguments and a pleasure to read for anyone with an interest in politics, especially as it is brilliant in its language... The heart of the book is chapter 10, which deals with the question of why so many intellectuals do not like capitalism -- despite its obvious successes. <b>--Neue Zürcher Zeitung</b> With his latest book, Rainer Zitelmann makes an important contribution to disentangling the concept of capitalism and restoring its reputation. Impressively and cogently, he demonstrates that the root of many justifiable grievances is not free-market economics, but state intervention, no matter how well intended. <b>--<i>European</i></b> This wide ranging tome, which covers economic systems across China, Africa, Germany, the US and UK exploring the power of capitalism, may not persuade staunch anti-capitalists of the author's alternative viewpoint. However, it certainly offers a robust challenge to anti-capitalist views and provides a series of well defined and researched arguments in favour of a capitalist society. <b>--<i>City A.M.</i></b> It's a fascinating book and a much-needed one. <b>--Madsen Pirie, Adam Smith Institute</b><br>
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