If you’re a true entrepreneur, or just a hard-and-fast capitalist, you need to read Andrew Bernstein’s The Capitalist Manifesto: The Historic, Economic and Philosophic Case for Laissez-faire. This truly amazing book documents in page after page of facts, why statism (socialism, Nazism, communism, and just do-gooder intrusive government) fails every time, and why the freer the economic system, the more prosperous the country.
The Capitalist Manifesto leaves no doubt that it is the producers, the hard workers, the capitalists who bring about prosperity, while statists do nothing more than feed off those who produce wealth and, in the end, destroy the system itself.
Most of all, it turns on its head some things we once assumed to be true. Example: The Industrial Revolution did not impoverish men, women, and children in England. On the contrary, though it was a harsh system, with awful working conditions, it was a step up from the grueling, hopeless poverty of rural England of the time.
Another example: Capitalism does not call for a lack of law or a dog-eat-dog way of life. Instead, it protects individuals and their rights. Writes Bernstein: ”A hallmark of capitalism is a rule of law that protects private property, safeguards investments and enforces contracts. The fundamental moral principle upon which capitalism is based is that individuals have inalienable rights and that governments exist solely to protect those rights. Capitalism requires the limiting of governmental power to maximize the freedom of the individual.”
These are just some of the documented ideas Bernstein presents. Check out The Capitalist Manifesto. It’s well worth the read.
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