Capitalism Doesn't Fail

How many times have we heard the old saw: “Capitalism has failed again” over the course of contemporary events? We heard it during the Great Depression of 1929 after Hoover had invoked tariffs and precipitated economic retaliation and a banking crisis. Along with this question usually came a statement to the effect, that “We can fix capitalism and make it even stronger by issuing economic controls or spending money to stimulate economic activity.” This book will argue that capitalism, as an economic system, cannot fail as long as individuals are free to act.Read more