George Gilder: September 18, 2012



In Wealth and Poverty George Gilder argues against the demonization of economic success and for capitalism in its purest form as the key to America’s economic recovery
Washington, D.C. — The economic policies of the Obama administration have put America on the greatest economic downward spiral since the Great Depression.  According to a new Associated Press poll, “the ranks of America’s poor are on track to climb to levels unseen in nearly half a century … amid a weak economy and fraying government.”   America has certainly faced economic hardship before, but this time our president is choosing to ignore history, and denounce the very methods that stimulated economic recovery during the Reagan administration.

When first published in 1981, George Gilder’s Wealth and Poverty became the blueprint for Reagan’s economic revolution, igniting an economic recovery and expansion of historic proportions.  Now in the newly updated Wealth and Poverty: A New Edition for the Twenty-First Century, Gilder explores our current economic struggles and re-asserts the case for free market capitalism—a proven path to economic recovery with lower taxes, unbridled innovation, and freer trade.
In Wealth and Poverty Gilder argues:

·       Supply-side economics and free market policies are—and always will be—the answer to reducing America’s poverty rate and increasing prosperity
·       Capitalism is not a system of greed, but rather favors and empowers a moral order through the golden rule of enterprise: The good fortune of others is also your own
·       Obama’s big-government and wealth redistributive policies are doing more harm than good for the poor
·       A successful economy is driven not by government incentives but instead by the unimpeded flow of information
·       Regulations based on past experiences and not the future hindered federal regulators from noticing the subtle signals on the eve of the 2008 crash
·       Capitalism has accomplished more for the advancement of humanity than any other system could ever hope to accomplish

Since its first publication, Wealth and Poverty has sold over one million copies and has become the bible for capitalism.  With a new foreword by Steve Forbes and a new prologue and epilogue from Gilder, this updated edition of Wealth and Poverty is more relevant—and more needed—today than ever before.

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