"The market has failed, we need more government intervention." That's
the mantra politicians, the media, and intellectuals have been
reiterating ever since the outbreak of the 2008 financial crisis. By
taking the reader on a journey across continents and through recent
history, Rainer Zitelmann disproves this call for greater government
intervention, and demonstrates that capitalism matters more than ever.
The author provides compelling evidence from across the world that
capitalism has been the solution to a number of massive problems. He
compares developments in West and East Germany, North and South Korea,
capitalist Chile v. Socialist Venezuela, and analyzes the extraordinary
economic rise of China. For many people, "capitalism" is a dirty word.
This book provides a timely reminder of capitalism's power in enabling
growth and prosperity, and in alleviating poverty.