Amid the ire directed towards our government, our biggest corporate entities and each other, there are calls from all sides for dramatic change in the policies and politics of America. From TEA party activists, to Occupiers, to the weary long-time unemployed, there is a sense of urgency that something must change, and must change fast. Free Market Revolution is a hard and honest look at the current culture of dependency, the malaise of a once motivated people, and the events that have culminated in our current fiscal crises and ever growing discontent with a system that repeatedly fails to promote growth and prosperity… and offers the only credible and moral ( yes, I said moral) solution to our country’s woes.
In Free Market Revolution, Yaron Brook and Don Watkins break down the often repeated talking points that our current financial crises was caused by greed and deregulation. They speak factually and bluntly about the actual numbers of regulations that were added during the last and current Administration, and their roles in creating a recipe for guaranteed disaster in the housing market, the resulting credit and lending crises that has been fueling the greatest recession since the 1930s, as well the slowest recovery in modern history. The undeniable blame for the current business-killing climate is laid at the feet of big government and collective calls for more regulation, where it belongs.
Dispelled, is the myth that America operates under a capitalist, free market system and explained are the reasons why proponents of a purely free market have been incapable of offering a defense of capitalism that appeals to America as a whole: A moral case for capitalism as an economic system that creates opportunity, wealth, and security for all, without ignoring what the left has so effectively defined as “basic need” and “rights”. Critics of Ayn Rand, without fail, point to her lack of empathy for the poor as a means of demonizing a free market system. Capitalists have been unable to argue the emotional talking points and the morality argument presented by the left, giving way to even more cries for social safety nets and spending by the government to pay for those “basic needs”. Until now.
Free Market Revolution makes clear what capitalists, successful businessmen, and proponents of Ayn Rand’s free market ideas have always known: That the only moral economic system is one that allows for success or failure based on individual effort and self-interest. Yaron Brook and Don Watkins put forth the simple idea that an economy unfettered by overbearing regulation will stimulate innovation and regulate itself via competition and common sense. They handily dismiss the idea that all entrepreneurs and successful business owners are out to gain by nefarious means, and grant the reader the idea that working for your own prosperity is not only fundamentally human, but also fundamentally moral. It is time for supporters of a free market economy to point out that the free market has not existed in America and could not have caused our current fiscal crises. It is time to stop allowing people like Madoff to be the public image of corporate success, and time to stop granting merit to the idea that selfishness automatically means benefiting at the cost of another.
Free Market Revolution is a tool for free market capitalists. One that offers a logical argument to the more and more public and political shouts against free markets and cheers the morality of an economic system that should not need defending, but extolling. You can order your copy here!
Yaron Brook (@YaronBrook) is Executive Director of the Ayn Rand Institute. He has written for the Wall Street Journal, USA Today, Investor’s Business Daily, and CNN.com, and appeared on The O’Reilly Factor, The Glenn Beck Show, On the Money, and Closing Bell, among others. A former finance professor at Santa Clara University, he is the co-writer with Don Watkins of a column on business and capitalism at Forbes.com
Don Watkins (@dwatkins3) is a fellow at the Ayn Rand Institute and the co-writer with Yaron Brook of a column on business and capitalism at Forbes.com. He appears regularly on radio and TV, and his op-eds have appeared in such venues as Investor’s Business Daily, The Christian Science Monitor, FoxNews.com, and Forbes.