Power of Capitalism

Rainer Zitelmann is a German historian, sociologist and multiple bestselling author, whose books include In Defence of Capitalism and Hitler’s National Socialism. He has 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.

• Foreword by Arthur B. Laffer and Brian Domitrovic.Introduction: Field Experiments in Human History.1. China: From Famine to Economic Miracle.2. Africa: Capitalism Is More Effective against Poverty than Development Aid.3. Germany: You Can’t Overtake a Mercedes in a Trabant.4. North and South Korea: Kim Il-Sung versus the Wisdom of the Market.5. Chancing More Capitalism: Thatcher’s and Reagan’s Pro-Market Reforms in the UK and the US.6. South America: Why Are Chileans Better Off than Venezuelans?7. Sweden: The Myth of Nordic Socialism.8. Economic Freedom Increases Human Welfare.9. The Financial Crisis: A Crisis of Capitalism?10. Why Intellectuals Don’t Like Capitalism.11. An Urgent Appeal for Pro-Capitalist Reforms.Bibliography.Index of Persons.

“The author of this book observes what happens when the state increasingly interferes in the economy – and what happens when the market economy is allowed to develop more freely ... Zitelmann's talent lies in presenting complex issues in simple terms – scientifically, but without scientific jargon.” Arthur B. Laffer, economic advisor to Ronald Reagan and best known for the Laffer Curve, in his foreword; “Capitalism has lacked a unifying public figure since Milton Friedman … left the building in 2006. Now, there is, at long last, a worthy candidate for Friedman's rightful successor.” Ralph Benko, Townhall; “A treasure trove of concise arguments and a pleasure to read.” Neue Zürcher Zeitung; “Impressively and cogently, the author demonstrates that the root of many justifiable grievances is not free-market economics, but state intervention, no matter how well intended.” European