In Defense of Global Capitalism (Paperback)

by Johan Norberg (Author)
Key Phrases: free trade reforms, grown fastest, United States, Third World, South Korea (more...)

Editorial Reviews

Review
"It is a young man's book, addressed to the idealistic young." -- Rosemary Righter, The Times of London

Product Description
From Seattle to Genoa to Johannesburg, people march in the streets protesting global capitalism. They denounce Nike and McDonald’s, the World Bank and the World Trade Organization.

Who would defend global capitalism?

A young writer from Sweden, who started on the anarchist left and then came to understand the world better. Johan Norberg has traveled to Vietnam, Africa, and other hot spots in the battle over globalization. And he has become a passionate defender of the globalization that is lifting poor countries out of poverty.

In Defense of Global Capitalism is the first book to rebut, systematically and thoroughly, the claims of the anti-globalization movement. With facts, statistics, and graphs, Norberg shows why capitalism is in the process of creating a better world. The book is written in a conversational style with an emphasis on liberal values and the opportunities and freedom that globalization brings to the world’s poor.

Norberg shows that the diffusion of capitalism in the past few decades has lowered poverty rates and created opportunities for individuals all over the world. Living standards and life expectancy have risen substantially. There is more food, more education, and more democratization, less inequality and less oppression of women.

Norberg takes on the tough issues-economic growth, freedom vs. equality, free trade and fair trade, international debt, child labor, cultural imperialism--and concludes that free-market capitalism is the best route out of global poverty.

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Product Details

• Paperback: 330 pages
• Publisher: Cato Institute (September 25, 2003)
• Language: English
• ISBN-10: 1930865473
• ISBN-13: 978-1930865471
• Product Dimensions: 7 x 4.3 x 0.8 inches
• Shipping Weight: 7.2 ounces (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars See all reviews (18 customer reviews)
• Amazon.com Sales Rank: #107,880 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

94 of 99 people found the following review helpful:

5.0 out of 5 stars Globalization as capitalism without borders, January 2, 2004

By	Peter Lorenzi (Maryland, USA) - See all my reviews (TOP 1000 REVIEWER)

Having lived and come over from the left, Norberg makes a compelling case for globalization as a model for success. Contrary to the negative review from the Swedish "assassin", globalization works. The assassin's list of dysfunctional democracies is, even at its worst, a list of democracies and, contrary to his opinion, examples of good progress towards economic and political freedom.

Globalization has become capitalism without borders. Capitalism means the right to own and the right to trade -- freely. The problems have more to do with what can and can not cross borders in a world economy where geopolitics and terrorism limit the rights or possibilities of people to move freely. There is still a strong urge to maintain national integrity and the natural defense of one's borders and culture. And, given the choice, people head for countries with greater economic and political freedom, not just where the natural wealth and resources exist. People are now the world's greatest resource and they are more mobile than ever.

Norberg pulls together multiple, massive statistical studies of real progress in the world resulting from greater political and economic freedom. They go hand in hand. They serve the liberation not only of countries and cultures, but also women who, one hundred years ago left any country short on its claim of true democracy by prohibiting them the ballot and/or the right to economic freedom and ownership.

David Landes' "Wealth and poverty of nations" made this case from an historic perspective. Countries and their people and institutions need to be able to produce things of value, educate their young, innovate in their methods, emulate success, discriminate based on merit, and allow people the right to retain (some or much of) the fruit of their labor. Globalization and capitalism, like democracy, are the worst of all possible forms of economics, except, as Churchill advised, for all other forms of economics that have been tried from time to time.

All these data and global views can be a bit dry at times and it should be safe to assume that English is not Norberg's first language (although he writes better than most American university students with English as their first language!) yet it is well worth the detail. He questions conventional (i.e., casual) wisdom. Anecdotes are illustrative and global.

19 of 20 people found the following review helpful:

5.0 out of 5 stars Steam for Global Capitalism, July 9, 2004

By	P. Murray (Florida) - See all my reviews (REAL NAME)

"When I say that I mean to defend capitalism," proclaims Norberg, "what I have in mind is the capitalistic freedom to proceed by trial and error, without having to ask rulers and border officials for permission first."

He erects a barrage of facts and figures to make the case that trade is good. For example, real incomes among the top quintile of income earners have risen 75% over the past three decades and real incomes among the bottom quintile have increased 106%. Life expectancy in developing economies has increased, infant fatalities have fallen, and people living in developing economies are eating better and obtaining more education. Read the book to learn why the widening "gap" between rich and poor is a falsehood. Although most of the world is still poor compared to the West, their hardship is not because of the West. According to Norberg, "The uneven distribution of wealth in the world is due to the uneven distribution of capitalism."

Protectionists predict that capitalists will locate plants in countries where wages or environmental standards are lowest. Capitalists are not only intent on paying lower wages. "If they were," points out Norberg, "the world's aggregate production would be concentrated in Nigeria." Multinational corporations also seek "social and political stability, the rule of law, secure property rights, free markets, good infrastructure, and skilled manpower." There is evidence that the quality of the environment worsens in the early stages of development. However prosperous people can afford cleaner air and water. Norberg reports that "the turning point generally comes before a country's per capita GDP has reached $8,000." When people earn more than that, their governments adopt environmental regulations. The point is that trade and growth are the means to a cleaner environment.

In addition to trade issues and capitalism, one may also learn a lot about developmental economics and international finance. Norberg observes that people fail to appreciate global capitalism during the good times and then blame the process when the going gets tough. "Globalization will not keep moving under its own steam if no one stands up for it," he asserts. In Defense of Global Capitalism is perhaps worth a ton of coal in the engine of global capitalism.

25 of 28 people found the following review helpful:

5.0 out of 5 stars Summary of In Defence of Global Capitalism, October 8, 2003

By	David Fick "Author: Africa: Continent of Econ... (Overland Park, Kansas USA) - See all my reviews (REAL NAME)

This review is from: In Defense of Global Capitalism (Hardcover)

The first book to rebut - systematically and thoroughly - the world picture and tenets of the anti-globalisation movement has been written by a 27-year-old Swede - and former anarchist. It quickly became a bestseller in Sweden after its publication in May 2001, and now there is this English version.

For some time, opponents of globalisation have been able to spread myths about capitalism. They say that free trade and free markets make the world a more unequal place, that capitalism holds people in poverty, that economic growth harms the environment, that multinational corporations keep wages and labour standards on a low level, and that free financial markets cause crises.

This is not correct. In Defence of Global Capitalism is the book that systematically challenges and refutes the anti-capitalist assumptions. With hard facts, statistics and simple graphs, Johan Norberg explains why capitalism is in the process of creating a better world. But the book is also personally written, with an emphasis on values, and the fact that globalisation gives opportunities and freedom to the world's poor. The book illustrates this with concrete examples of people and countries that have prospered thanks to globalisation, and those that have suffered because of isolation.

Johan Norberg shows that the diffusion of capitalism in the last decades has lowered poverty rates and created opportunities for individuals all over the world. Living standards and life expectancy has risen fast in most places. World hunger, infant mortality and inequality have diminished. This is because of an economic and technological development that is the result of free market policies. The poor countries that have liberalized their economies have shown impressive results, while those that have not are stuck in deep misery. Therefore, we need more capitalism and globalisation if we want a better world, not less.

The Swedish writer, Johan Norberg, has an MA in history of ideas. He is the author of books on human rights, the history of liberalism and the Swedish author Vilhelm Moberg. Johan Norberg is devoted to globalisation and individual liberty. ...