Has capitalism failed Is it fundamentally greedy immoral, making the rich richer Are free markets Darwinian places where the ruthless crush smaller competitors, where vital products services are priced beyond the ability of many to afford them Capitalism is the world s greatest economic success story It s the optimal way to provide for the needs of people foster the democratic moral values of a free society Yet the worst recession in decades has widely understandably shaken faith in our system Even before the current crisis, capitalism received a bad rap from a culture ambivalent about free markets wealth creation This crisis of confidence is preventing a full recognition of how we got into the mess we re in today why capitalism continues to be the best route to prosperity How Capitalism Will Save Us transcends labels by showing how economies really work When free people in free markets have energy to solve problems meet others needs, they turn scarcity into abundance innovate The freedom of democratic capitalism is what enabled Ford to take a plaything of the rich to make it affordable to workers In the capitalist system, economic growth doesn t mean of the same It s about change increasing overall wealth, giving people better lives This surprised me by how well done it was I ve seen so many rushed into print books dealing with current issues that I half expected this to be shoddy It was not Forbes takes a topical approach rather than a theoretical one at first I wasn t sure if I liked this but ended up deciding it would possibly make it easier for someone who knows little about economics or finance to understand The chapter on health care was excellent so was the one on finance and the stock market Predictably, we This surprised me by how well done it was I ve seen so many rushed into print books dealing with current issues that I half expected this to be shoddy It was not Forbes takes a topical approach rather than a theoretical one at first I wasn t sure if I liked this but ended up deciding it would possibly make it easier for someone who knows little about economics or finance to understand The chapter on health care was excellent so was the one on finance and the stock market Predictably, we were treated to a few pages on the glories of the flat tax, but Forbesthan made up for it with a remarkably lucid explanation of such financial issues as uptick trading and mark to market accounting Again, another book that should be required reading for everyone citizen and leader in a free society but probably will never be This book was published following the aftermath of the 2008 financial crisis and was very much needed considering all the anti capitalist rhetoric that was going around Forbes and his co author take apart the myths surrounding capitalism such as that it creates corruption and only benefits the few elite The authors also show how Keynesian economics actually stifles growth and doesn t actually stimulate the economy I m glad I decided too pick up the updated and revised version of this book.Edi This book was published following the aftermath of the 2008 financial crisis and was very much needed considering all the anti capitalist rhetoric that was going around Forbes and his co author take apart the myths surrounding capitalism such as that it creates corruption and only benefits the few elite The authors also show how Keynesian economics actually stifles growth and doesn t actually stimulate the economy I m glad I decided too pick up the updated and revised version of this book.Edit 4 30 20 grammar mistakes fixed This book is selective in its coverage and poorly written Instead of providing actual arguments and evidence, the authors dole out unsupported statements as if they were facts Here s a paragraph from page 187 188 of the hardcover book to illustrate my point Increased fuel efficiency standards actually encourage consumption Believing their vehicles are energy efficient, people have fewer qualms about drivingand having bigger cars The number of miles driven and the number of vehicles ha This book is selective in its coverage and poorly written Instead of providing actual arguments and evidence, the authors dole out unsupported statements as if they were facts Here s a paragraph from page 187 188 of the hardcover book to illustrate my point Increased fuel efficiency standards actually encourage consumption Believing their vehicles are energy efficient, people have fewer qualms about drivingand having bigger cars The number of miles driven and the number of vehicles have virtually doubled since the mid 1970s The same phenomenon has been observed with refrigerators As they becameenergy efficient, people bought bigger and bigger models In other words, government regulations have improved fuel efficiency, but they haven t curtailed energy usage OK, this is bad reasoning There arecars since the 1970s because there aredrivers than there were back then interestingly, we also haveand bigger sofas than we had in the 1970s, an indication that these phenomena are part of a broader trend in American consumerism In any event, fuel efficiency standards did not lead tocars, anythan they led to bigger sofas Correlation does not prove causation And imagine what our cities would be like if our vehicles were still as gas guzzling and polluting as they were a few decades ago 3.5 stars Mixed feelings about this one I agree with 98% of Steve Forbes s points From a theory standpoint, so behind this one.But he isn t the mostinteresting writer Only a few years since my Updated and Revised Edition was published and it already feels somewhat dated I think it is because he emphasizes current events so heavily to make his points Further, despite the title, this isn t a book you give someone who doesn t already love the free market It is a nice summary of pro free 3.5 stars Mixed feelings about this one I agree with 98% of Steve Forbes s points From a theory standpoint, so behind this one.But he isn t the mostinteresting writer Only a few years since my Updated and Revised Edition was published and it already feels somewhat dated I think it is because he emphasizes current events so heavily to make his points Further, despite the title, this isn t a book you give someone who doesn t already love the free market It is a nice summary of pro free market arguments, but it is too selective to be persuasive I don t see this changing any minds Good statistics and relevant questions and answers Glad I read it Justfalls short of what it could be I m still a fan of a fair tax and he didn t really give both sides of that story