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How Capitalism Saved America

How Capitalism Saved America

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Written by Thomas DiLorenzoAuthor Alerts:  Random House will alert you to new works by Thomas DiLorenzo

  • Format: Trade Paperback, 304 pages
  •  
  • Publisher: Three Rivers Press
  • On Sale: August 23, 2005
  • Price: $14.95
  • ISBN: 978-1-4000-8331-2 (1-4000-8331-1)
Also available as an eBook.
about this book

In How Capitalism Saved America. DiLorenzo, a professor of economics, demonstrates how capitalism has made America the most prosperous nation on earth—and how the sort of government regulation that politicians and pundits endorse has hindered economic growth, caused higher unemployment, raised prices, and created many other problems. He propels the reader along with a fresh and compelling look at critical events in American history—covering everything from the Pilgrims to Bill Gates.

And just as he did in his last book, The Real Lincoln, DiLorenzo explodes the numerous myths that he believes have become conventional wisdom. How Capitalism Saved America explores:

• How the introduction of a capitalist system saved the Pilgrims from starvation;
• How the American Revolution was in large part a revolt against Britain’s stifling economic controls;
• How the so-called robber barons actually improved the lives of millions of Americans by providing newer and better products at lower prices;
• How the New Deal made the Great Depression worse;
• How deregulation got America out of the energy crisis of the 1970s—and was not the cause of recent blackouts in California and the Northeast;
• And much more.

"DiLorenzo's book is a compelling and comprehensive defense of capitalism set in the context of American history, one that shatters the prevailing myths concerning labor and social legislation, the era of the robber barons and antitrust, and the Great Depression and the New Deal. It's enough to make one conclude that Orwell's world of 1984 and its inversion of truth actually began sometime around 1884 and has been going on ever since. Should be required reading in every course on American history."
--George Reisman, author of Capitalism: A Treatise on Economics, and professor of economics, Pepperdine University