In Defence of Capitalism

It’s capitalism’s fault. That’s the usual answer, whether it’s climate change, environmental degradation, rising inequalities, poverty, greed, war, or just the turning of productive humans into suggestable and addictive consumers. Capitalism prioritizes profits over humanity, say its critics, generating monopolies and undermining democracy. But do the charges against capitalism stack up, or are they merely myths in need of debunking? Dr Rainer Zitelmann examines the 10 most commonly raised objections to capitalism. And, in each case, he reveals the critical flaws that debunk arguments against an economic system that has taken billions out of poverty, raised living standards for the vast majority and improved the health and life expectancy of all who live under it. Against each charge, Zitelmann offers a counter argument using a wealth of evidence: proving that it’s not capitalism that’s failed but a century of anti-capitalist experiments. In Defence of Capitalism provides capitalism’s defenders with the facts and arguments they need to counter (usually false or misinformed) anti-capitalist allegations.