Here’s the real history of our country. How Capitalism Saved America explodes the myths spun by Michael Moore, the liberal media, Hollywood, academia, and the rest of the anticapitalist establishment.
Whether it’s Michael Moore or the New York Times, Hollywood or academia, a growing segment in America is waging a war on capitalism. We hear that greedy plutocrats exploit the American public; that capitalism harms consumers, the working class, and the environment; that the government needs to rein in capitalism; and on and on. Anticapitalist critiques have only grown more fevered in the wake of corporate scandals like Enron and WorldCom. Indeed, the 2004 presidential campaign has brought frequent calls to re-regulate the American economy.
But the anticapitalist arguments are pure bunk, as Thomas J. DiLorenzo reveals in How Capitalism Saved America. DiLorenzo, a professor of economics, shows how capitalism has made America the most prosperous nation on earth—and how the sort of government regulation that politicians and pundits endorse has hindered economic growth, caused higher unemployment, raised prices, and created many other problems. He propels the reader along with a fresh and compelling look at critical events in American history—covering everything from the Pilgrims to Bill Gates.
And just as he did in his last book, The Real Lincoln, DiLorenzo explodes numerous myths that have become conventional wisdom. How Capitalism Saved America reveals:
• How the introduction of a capitalist system saved the Pilgrims from starvation
• How the AmericanRevolution was in large part a revolt against Britain’s stifling economic controls
• How the so-called robber barons actually improved the lives of millions of Americans by providing newer and better products at lower prices
• How the New Deal made the Great Depression worse
• How deregulation got this country out of the energy crisis of the 1970s—and was not the cause of recent blackouts in California and the Northeast
• And much more
How Capitalism Saved America is popular history at its explosive best.
|Publisher:||Crown Publishing Group|
|Product dimensions:||6.00(w) x 8.50(h) x 1.00(d)|
About the Author
Thomas J. DiLorenzo, the author of The Real Lincoln, is a professor of economics at Loyola College in Maryland and a member of the senior faculty of the Mises Institute in Auburn, Alabama. He has written for the Wall Street Journal, Barron’s, Reader’s Digest, USA Today, and the Washington Post.
Most Helpful Customer Reviews
This book is a seminal work about economics and the history of the United States of America. Its author, Thomas J. DiLorenzo, has done us all a major service in writing it--especially in a fashion so easy and fun to read. This is a first rate rendition in every way of how America became a great and wealthy nation primarily because of its adoption of a free market economic system. Although the author is an economist by training, this book is not a boring polemic about laissez-faire economics. DiLorenzo uses the history of the United States to make his points in a thoroughly enlightening and entertaining manner. He relates how capitalism saved the original settlers in both Virginia and Massachussets. He discusses the American Revolution in terms of it being a revolt against an economic system--British mercantalism--being imposed upon America from the outside at the time. This discussion is followed up with the history of the struggle between the Republicans (such as Thomas Jefferson) and the adherents (like Alexander Hamilton) of an 'American mercantalism' during the constitutional period up to the critical election of 1800. In chapter after chapter, DiLorenzo provides new perspectives on historical developments such as Clay's 'American Plan,' Lincoln's promotiion of government sponsored interal improvements, the real histroy of the Robber Barrons, the establishment of the Federal Reserve and so forth. The end result is a very readable economic treatise and a sound analysis of an important (but often neglected) aspect of American history.
Due to the large swath of history covered in the book (over two hundred years), How Capitalism Saved America is not nearly as hard hitting as the author¿s The Real Lincoln. Taking such broad strokes deprives Mr. DiLorenzo of his ability ¿ shown in The Real Lincoln ¿ to dig deeply into a subject and hammer home his point. Mr. DiLorenzo¿s style of writing is spirited and lively; his prose is a joy to read. To quote Florence King, his writing has ¿a good beat, you can dance to it¿. That being said, trying to cover such a large subject in a relatively small book causes it to fall flat. The book¿s best use is as a starter for someone looking to earn a deeper understanding, it can point the way towards books which cover the subject in greater depth. Mr. DiLorenzo kindly provides an excellent bibliography at the end to help the reader embark on such a task.
dilorenzo returns with another great book to follow 'the real lincoln' the book is well written makes some great points and exposes fallacies and will educate on true history and capitalism.