The Power of Capitalism
CAPITALISM IS NOT THE PROBLEM,
BUT THE SOLUTION
Updated edition 2024 with a foreword
by Arthur B. Laffer and Brian Domitrovic
“The market has failed, we need more government intervention” – that’s the mantra politicians, the media and intellectuals have been reiterating constantly 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 analyses 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.
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Rainer Zitelmann is a German historian, sociologist and multiple bestselling author, whose books include “In Defence of Capitalism” and "Hitler's National Socialism". He published 28 books. His books have been translated into more than 30 languages around the world. In recent years, he has written articles and been the subject of interviews in leading media such as Wall Street Journal, Forbes, Newsweek, The Daily Telegraph, The Times, Le Monde, Corriere della Sera, Frankfurter Allgemeine Zeitung, Neue Zürcher Zeitung, and numerous media in Latin America and Asia.