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How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present Paperback – August 23, 2005
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Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to an out of print or unavailable edition of this title.
Copyright © American Library Association. All rights reserved --This text refers to an out of print or unavailable edition of this title.
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Top Customer Reviews
I comment specifically on the "review" by A. Epstein as his protests are typical. However, it is clear that "Arwin Ascendi", "Panopticonman", "Sgt. Rock", "Steven S.", and "F Hayek" also have not read the book (at least, their "reviews" contain no information to suggest so). Epstein wrote:
"25,000 children die every day around the world from hunger. 1 in 4 American children go starving every day. And this is the proud economic system that the author talks about? Capitalism has shown to be nothing but a smoke screen to make the rich richer. Unfortunately, the rest of the world hasn't figured out the trick just yet."
1. Societies of the world are not organized under capitalism. Therefore, the reference to the number of child deaths in this world is irrelevant.
2. The use of the word "starving" in this case is a dysphemism. Compare the "hunger" experienced by the thousands of dead children invoked by Epstein with the "starving" experienced by 1 in 4 Americans. The words of a Russian immigrant who fled soviet Russia during the 1980's illustrate my position well. When asked why he decided to leave the Soviet Union for the United States, this immigrant replied "Why would anyone not want to live in a country where the poorest members of society are also the fattest!"
3. The statistics cited in this book (compiled by the U.S.Read more ›
People and markets proposer because we act in our own self-interest. Adam Smith was right and some label him 'liberal'. 'Liberal' means something quite different outside the United States. Those who equate Oliver Stone's "greed is good" mantra for capitalism are missing the point. "Greed" is "reprehensible acquisitiveness" and the beauty of capitalism is that the market speaks louder than government dictates or "greedy capitalists". When the government says, "I'm here to help you," it's time to hold onto your wallets. With capitalism, it's your choice. Greed doesn't work; markets do.
DiLorenzo writes with a clear, accessible style. While he is an accomplished researcher and academic, he discovers and disseminates knowledge for a much larger public than other academics. And he is brave enough to take on well-entrenched conventional wisdom, be it the nanny state or worshipful devotees of Abraham Lincoln.
We have a problem with unchallenged soft-headed, bleeding heart, liberal thought on many college campuses. DiLorenzo is part of the solution to the excessive political correctness rampant on many college campuses. Read this and open your eyes and mind. This is a nice companion piece to David Landes' "The wealth and poverty of nations: Why some nations are so rich and others so poor." And it fits with the recent studies of the differences between English and French law, and the impact of their respective legal systems on economic success.
Having just read it, I'm confident in predicting continued success and sales. It seems like just the right book to give a market skeptic. "You have doubts about capitalism? Read this."
After years of interacting with students in an urban business-school environment, DiLorenzo knows precisely what are the main points of contention. The chapters are short but careful in choosing just the right episodes to highlight and arguments to present to make his case. His main points are drawn from the Austrian tradition: the classic texts by Mises, Hayek, Rothbard, Reisman, but also the public choice school, and also the best economic historians of our time.
He begins with a definition and sweeping defense of capitalism, along with an eye-opening illustration of why such a defense in necessary, citing an egregious history of intellectual defenses of communism. Who remembers that John Dewey called Soviet communism "intrinsically religious" with the "moving spirit and force of primitive Christianity"?
The text never slows, as he marches through the history of the pilgrims, the American Revolution, the 19th century debate over internal improvements, the advancement of workers amidst capitalist advance, the myths of the Robber Barrons, the great depression, the New Deal, the energy crisis, and the modern debate on the environment, social regulation, and the war on vice.
It occurred to me while reading this that this whole book is a kind of guerilla manual for beating back the most common economic myths one is likely to encounter on campus or in public debate. Master this book and you have overcome most of the bad economic thinking of our time.
Most Recent Customer Reviews
This book lays out what made america great and how america is falling by not following capititalism as close as it did in the 1800sPublished 5 days ago by Amazon Customer
The sections of this book that talk about how some of the great capitalists of the U.S. satisfied their customers brilliantly without handouts from governments and in spite of the... Read morePublished 2 months ago by Skeptical Marketeer
I wish high school teachers throughout America would assign this book. I am a history major, who while never fully buying into the "Robber Barron" myth of the Gilded Age, also... Read morePublished 3 months ago by Colin P. Kelley
How Capitalism Saved America This book reflects on Laissez-faire method of doing business and why it works. Read morePublished 7 months ago by Robert G. Shaver
Just finished. I was at an event where the author spoke and I bought a copy from him directly, which he signed. Read morePublished 7 months ago by Warren Redlich
Interesting read, but DiLorenzo is more of a polemicist than an historian. That coming from an old man (me) who dearly wishes that Lincoln, Wilson, Frankiln Destroyer Roosevelt,... Read morePublished 8 months ago by Machinery's Handbook
Very good read on the history of how free enterprise has worked in America.Published 9 months ago by DuckDodgerz