Summary of A World of Wealth

How Capitalism Turns Profits into Progress

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A World of Wealth book summary
Capitalism and free markets can solve problems you never thought were economic. Read on to learn how.

Rating

8 Overall

7 Importance

8 Innovation

9 Style

Recommendation

Journalist Thomas G. Donlan is one of the U.S.’s strongest advocates of capitalism. The editorial page editor of Barron’s, he is a convinced, and often convincing, champion of free trade, free markets, deregulation and investment. These ideas went into something of an eclipse in the U.S. following the disastrous events in the real estate and asset-backed securities markets. However, getAbstract finds that Donlan’s book presents a spirited explanation of why these events were essential to putting the world back on course for economic growth and rising global prosperity. His style is concise, clear, pointed and frequently witty. True believers in the church of capitalism will value his defense of their doctrine; skeptics will likely respect his well-argued points, though they may conclude that he can be as much an apologist for capitalism as a proponent of it.

In this summary, you will learn

  • How capitalism can solve problems you never thought were economic
  • How capitalist solutions could affect trade, energy, health care and other issues
  • Why the government should get out of the way of the free market
 

Summary

The Basics of Capitalism
Markets work. Freedom is the reason why. Free market capitalism holds the best solutions for issues such as poverty, environmental ruin, immigration, energy costs, the health care crisis and whatever else politicians have addressed lately with ill-advised regulation...
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About the Author

Thomas G. Donlan, editorial page editor of Barron’s, writes on the economy, politics and investing. He is a frequent media source and guest.


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