DOES CAPITALISM NEED a moral defense? Do capitalists need a moral philosophy?
George Gilder’s book, Wealth and Poverty, was originally published in 1981, in a world much different from the one we encounter today. The threat of Soviet and Chinese communism loomed large. Japan seemed to be doing capitalism much better than America. Europe was wrestling with the consequences of excessive statism. At the dawning of the Reagan era, Gilder laid out a comprehensive detail-rich series of arguments that attempted to provide a rousing defense of pure capitalism, of the sort that had been lost under decades of government expansion in the US.
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