Notes and Reflections on Books and Media
by Hannah Leitheiser
#economics #book #capitalism
Wealth and Poverty: A New Edition for the Twenty-First Century
"Wealth & Poverty was in good part an answer to Kristol, offering a full-throated three cheers and an elaborate supply-side rationale." - Forward - George Gilder, Wealth and Poverty: A New Edition for the Twenty-First Century (2012)
I think I'd classify this book as mostly propaganda. At the end Gilder was saying, folks might notice the rewards and punishments of capitalism are somewhat random, but randomness is exactly what providence intended, so that randomness makes capitalism MORE just. What's undeniably unjust is trying to make things less random. (Don't play God?)
I mean, I'm basically a capitalist, but that level seems...fanatical. And 'tax cuts for the rich = prosperity for all' may not always be false, but it's come into question in many cases. Some of the basic ideas seem OK, but Gilder takes them too far. For it all, though, I take this as an influential book, and perhaps I have biases myself.