Capitalism for Democrats: Why The Country Needs It Now
Lowy, Martin
Synopsis "Capitalism for Democrats: Why The Country Needs It Now"
In 2020, Democrats will choose a candidate for President, who may or may not be in favor of maintaining the capitalist economic system in the U.S. Many people do not understand capitalism very well. It has been historically and can in the future be a force for good, promoting economic growth and better living standards. And it can be moral, as well. That good kind of capitalism relies on consumers, through the marketplace, to set prices and allocate resources.In order for consumers to do that, the system needs regulation to protect consumers and competition. And it needs to be accompanied by an adequate safety net for people who do not succeed and government guarantees of fundamental human needs, such as health care. Capitalism for Democrats explains how this good capitalism works, how different it is from some of the capitalism that we have now, and why it is morally superior to systems that rely on elites to set prices and allocate resources. This is a fairly short book that reviewers have said is "concise" "Plain English" and "enjoyable." Almost all reviewers also have said that Capitalism for Democrats is not just for Democrats--it's for all Americans and for anyone else who wants to see how a good capitalism works. "This is a powerful and thought-provoking defense of an economic system that Lowy shows has brought healthy prosperity to the largest amount of people in history."John KellyDetroit Free Press5 Stars"An accessible, informative, and pungent overview of capitalism. A foundation of reason that is indispensable! Highly recommended for all readers."Dr. Grady HarpAmazon Top 100 Hall of Fame Reviewer5 Stars"A wealth of information well presented... Republicans might find this useful too!"Mike Ball Erma Bombeck Award-Winning Author5 Stars"An extremely educational and helpful book that clearly explains capitalism in an easy to understand format. Very well-written and understandable at all levels especially for anyone considering socialism as a possible alternative, in the current American political contest for the Presidency. Highly recommended."Susan KeefeMidwest Book Review5 Stars"Capitalism for Democrats is a book that any reader can learn from and indeed enjoy."Jonathan Tepper, Author, The Myth of Capitalism5 Stars"In spite of its title, it isn't just for Democrats. It is for all of us searching for answers to complex questions about our financial system."John L. DouglasFDIC Former General Counsel5 Stars"This book gave me a better understanding of economic theory than I got in four years of college - and I was an economic major."Judge Richard B. KleinRetired Judge of the Superior Court of Pennsylvania (Republican)5 Stars"Capitalism for Democrats is a thought-provoking and challenging overview as 2020 approaches."Bert ReinSupreme Court Advocate Wiley, Rein LLP5 Stars"A tour de force!"John F. OlsonGibson, Dunn & Crutcher LLP5 Stars"It's about time that Democrats stick up for Capitalism, and what better person to do it than Martin Lowy, one of the nation's leading banking lawyers and accomplished authors. Capitalism for Democrats could not be more timely. Democrats and Republicans alike, growing apart in so many ways, need to read this book."Robert LitanFormer VP The Brookings Institution5 Stars"Capitalism for Democrats" describes a better capitalism that is worth aspiring to, despite its defects, and shows us how we might get there. It should be read by not just Democrats, but by Americans of all parties."Sarah Bloom RaskinMember Federal Reserve Board, 2010-2014Deputy Secretary of the Treasury 2014-2016
