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Capitalism - Free Market Economy book, a recommendation?
Please recommend a book that gives good and valid arguments to implement this system as an economic and social one.
2 Answers
- asdfLv 51 decade agoFavorite Answer
One Market Under God: Extreme Capitalism, Market Populism, and the End of Economic Democracy by Thomas Frank
- Charles VLv 61 decade ago
I don't know of one, but I'm also not sure what you're asking...
You mean, good valid arguments for other countries that have other economic systems, to convert their economic systems to Capitalism?
(Capitalism isn't a social system, it's an economic system.)
I will point out, I know firsthand the DOWN side of Capitalism, at least as it relates to America.
In America, business is rewarded while the individual worker is not. The claim of Capitalism is that it encourages individuals to work hard because the harder you work, the more you are rewarded.
My father worked hard in America's Capitalist society. He spent much of his life going to school and working simultaneously. He had Master's degress in Chemistry and Microbiology.
He ultimately invented a multi-million $ product, indeed, I believe it is likely it is a multi-billion $ product, considering its widespread use. If you have had surgury in recent decades, and they had to use sutures (stitches) you probably got the kind that absorb into your skin. Well, if so, you benefited from my father's invention.
The invention made millions and possibly billions... for Johnson & Johnson. My father, on the other hand, recieved his pay check, and then was laid off in the mid 1980s, many years before he would have been ready to retire. He eventually lost his house, and moved into a small trailor. By this time, I had long married and moved out on my own, but I used to bring him groceries because he didn't get enough in food stamps to support him and my handicapped brother who lived with him. He kind of got ripped off on the trailor, which leaked in many places in the roof. He was in the process of trying to sue the people who sold him the trailor, but his health was declining. The last time I went to visit him at the trailor, I could see that he was horribly sick. His legs were swollen, a sign of congestive heart failure. He told me he didn't go to the doctor, because, although he had Medicare, he couldn't afford the $10 copay for the doctors visit. A day later, he went to the hospital. His health never completely returned, and some months later, he died in a nursing home.
So that's what happens in a capitalist society.
Work hard, come up with an innovative invention, and the company you work for will make millions, and as for you... you may die like my father, for lack of a $10 copay.
I wouldn't put too much faith in Capitalism.
I know you asked for a book in favor of Capitalism, not an anechdote against Capitalism, at least the form of Capitalism we have in America, so I apologize, but I wanted to tell my story.



