In Defense of Capitalism

Rainer Zitelmann examines the ten most common objections to capitalism and reveals the critical flaws that debunk them. He offers counter arguments and presents historical evidence to prove that it is not capitalism that has failed, but a century of anti-capitalist experiments.

Format: Hardback
Length: 464 pages
Publication date: 07 March 2023
Publisher: Republic Book Publishers

Rainer Zitelmann delves into a comprehensive examination of the ten most prevalent criticisms leveled against capitalism. These objections encompass a range of concerns, including the exacerbation of hunger and poverty, the surge in inequality, the promotion of unnecessary consumption, the detrimental impact on the environment, the consequences of climate change, and the prevalence of wars. Critics argue that capitalism prioritizes profits over the well-being of humanity, fosters dominant monopolies, and undermines democratic principles. Zitelmann meticulously analyzes each of these arguments, exposing the underlying flaws that debunk them. In response, he presents compelling counterarguments, supported by a wealth of historical evidence and enlightening facts. He argues that it is not capitalism itself that has failed, but rather a century of anti-capitalist experiments that have hindered its potential for success.

The second part of the book takes a deeper dive into the prevailing perceptions of capitalism across Europe, the United States, Latin America, and Asia. Drawing upon a specially commissioned Ipsos MORI poll conducted in 20 countries, the book presents the results of this survey for the first time. The poll sheds light on the attitudes and beliefs held by individuals regarding capitalism, providing valuable insights into the cultural and societal dynamics shaping these perceptions.

Through his meticulous research and compelling arguments, Rainer Zitelmann offers a comprehensive and nuanced exploration of capitalism's challenges and opportunities. This book is a valuable resource for policymakers, business leaders, and individuals interested in understanding the complex dynamics of the global economy and the role of capitalism in shaping our world.

Dimension: 229 x 152 (mm)
ISBN-13: 9781645720737