Meepspeeps's Reviews > Why Capitalism?

Why Capitalism? by Allan H. Meltzer
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I think this is a good primer on the advantages of capitalism as an economic system. The author demonstrates how capitalism has lifted more peeps out of poverty than other systems. He acknowledges that peeps who benefit from capitalism need to tax themselves to support necessary government services including programs for those who are unable to participate in the economy at a level that supports themselves and their families. His comments about self-discipline and other "blame the survivor" wording irritated me because peeps who are poor don't necessarily lack self-discipline. However, his overall points are good. He spends time on the USA political system stalemate and talks about the demise of USA power due to failure to make tough bipartisan choices. He gives good examples of how bad regulation leads to circumvention by those newly regulated. I strongly recommend it to peeps who favor socialism, or more socialism than the USA has today.

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Reading Progress

July 3, 2014 – Started Reading
July 3, 2014 – Shelved
July 3, 2014 – Shelved as: to-read
July 10, 2014 – Finished Reading

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