The Power of Capitalism

"The market has failed, we need more government intervention." That's the mantra politicians, the media, and intellectuals have been reiterating ever since the outbreak of the 2008 financial crisis. By taking the reader on a journey across continents and through recent history, Rainer Zitelmann disproves this call for greater government intervention, and demonstrates that capitalism matters more than ever. The author provides compelling evidence from across the world that capitalism has been the solution to a number of massive problems. He compares developments in West and East Germany, North and South Korea, capitalist Chile v. Socialist Venezuela, and analyses the extraordinary economic rise of China. For many people, "capitalism" is a dirty word. This book provides a timely reminder of capitalism's power in enabling growth and prosperity, and in alleviating poverty. AUTHOR: Rainer Zitelmann is the author of 19 books (his most recent being The Wealth Elite). He was previously a senior editor at Die Welt newspaper. SELLING POINTS: . An exploration of capitalism and its power to create growth and prosperity all over the world . A highly engaging analysis of capitalism – the engine behind the modernisation and growth of both democratic and socialist countries . Fast-paced ramble through recent history, supported by well-researched facts, figures and anecdotal evidence . "An important contribution to disentangling the confusion around the much-aligned concept of capitalism" – European . Fascinating discussion about why intellectuals, the media and politicians are so against capitalism

“"Zitelmann's book is a must-read for both opponents and proponents of capitalism. With such a wealth of well-researched facts and figures, this book presents a real challenge to anti-capitalists. Supporters of capitalism will certainly appreciate the strength of Zitelmann's arguments, which have never been summarized and presented in this way before. Above all, his original reflections in Chapter 10, 'Why Intellectuals Don't Like Capitalism', provide plenty of food for thought." -- Huffington Post "The writing is a treasure trove of concise arguments and a pleasure to read for anyone with an interest in politics, especially as it is brilliant in its language... The heart of the book is chapter 10, which deals with the question of why so many intellectuals do not like capitalism -- despite its obvious successes." --Neue Z”

"Zitelmann's book is a must-read for both opponents and proponents of capitalism. With such a wealth of well-researched facts and figures, this book presents a real challenge to anti-capitalists. Supporters of capitalism will certainly appreciate the strength of Zitelmann's arguments, which have never been summarized and presented in this way before. Above all, his original reflections in Chapter 10, 'Why Intellectuals Don't Like Capitalism', provide plenty of food for thought." --Huffington Post "The writing is a treasure trove of concise arguments and a pleasure to read for anyone with an interest in politics, especially as it is brilliant in its language... The heart of the book is chapter 10, which deals with the question of why so many intellectuals do not like capitalism -- despite its obvious successes." --Neue Z rcher Zeitung "With his latest book, Rainer Zitelmann makes an important contribution to disentangling the concept of capitalism and restoring its reputation. Impressively and cogently, he demonstrates that the root of many justifiable grievances is not free-market economics, but state intervention, no matter how well intended." --European

Rainer Zitelmann is the author of 19 books (his most recent being The Wealth Elite). He was previously a senior editor at Dei Welt newspaper.

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