By George Gilder
ISBN-10: 1596988096
ISBN-13: 9781596988095
Hailed as “the advisor to capitalism,” the hot York occasions bestseller Wealth and Poverty by way of George F. Gilder is among the most famed monetary books of all time and has offered a couple of million copies because its first liberate. during this influential vintage, Gilder explains and makes the case for supply-side economics, proves the ethical superiority of free-market capitalism, and exhibits why supply-side economics are more suitable at lowering poverty than government-regulated markets.
Now, during this new and entirely up-to-date variation of Wealth and Poverty, Gilder compares America’s present monetary demanding situations along with her earlier financial problems–particularly these of the past due 1970s–and explains why Obama’s big-government, redistributive rules are doing extra damage than reliable for the poor.
Making the case that supply-side economics and loose marketplace rules are–and continuously will be–the solution to lowering America’s poverty expense and lengthening her prosperity, Wealth & Poverty bargains options to America’s present monetary difficulties and desire to people who worry that our greatest days are in the back of us
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Extra info for Wealth and Poverty
Sample text
Far from a zero-sum game, where the successes of some come at the expense of others, free economies climb spirals of mutual gain and learning. Far from a system of greed, capitalism depends on a golden rule of enterprise: The good fortune of others is also your own. Applying to both domestic and international trade and commerce, this golden rule is the moral center of the system. Not only does capitalism excel all other systems in the creation of wealth and transcendence of poverty, it also favors and empowers a moral order.
It is not the enlargement of incentives and rewards that generates growth and progress, profits for the entrepreneur and revenues for the government, but the expansion of information and knowledge. The competitive pursuit of knowledge is not a dog-eat-dog Darwinian struggle. In capitalism, the winners do not eat the losers but teach them how to win through the spread of information. Far from a zero-sum game, where the successes of some come at the expense of others, free economies climb spirals of mutual gain and learning.
If the Chinese or Arabs bought all of Silicon Valley, for example, they might well do best by returning it to the production of apricots, oranges, and bedrooms for San Francisco. Capturing the worth of a company is incomparably more complex and arduous a task than purchasing it. In the Schumpeterian mindscape of capitalism, the entrepreneurial owners are less captors than captives of their wealth. If they try to take it or exploit it, it will tend to evaporate. ” David Rockefeller devoted a lifetime of sixty-hour weeks to his own enterprises.
Wealth and Poverty by George Gilder
by Michael
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