June 7, 2018
You’d be forgiven if you thought the tide of public opinion had turned against capitalism. As the news media eagerly report on polls showing that millennials increasingly reject capitalism, progressives energetically push the Democratic Party to the left. A forceful rebuttal has arrived in the form of a new book by Andy Puzder, the one-time nominee to be U.S. secretary of labor. Puzder, the former chief operating officer of CKE Restaurants, uses history to make a rousing defense of capitalism in “The Capitalist Comeback: The Trump Boom and the Left’s Plot to Stop It.” He also details the never-ending war to defeat it.
“In all of human history, capitalism is the only economic system that has ever [produced] the expansive growth that lifts people out of poverty, raises their standard of living, and reduces income inequality,” he writes. He also shows how capitalism always dovetailed with the Founding Fathers’ commitment to limited government and individual freedom.
Despite capitalism’s successes, Puzder acknowledges its challenges. He argues that…
Read More on RealClearPolitics: “A Rousing Defense of Capitalism”