Book Review: "Capitalism: A Love Story"

Michael Moore is a maker of documentary films for liberal values and anti-American causes, and his latest titled "Capitalism: A Love Story" is going to be no exception.

In this film, slated to be released in early Fall, Moore will attempt to portray capitalism as the root cause of the American and global financial meltdowns over the past couple of years, calling it "the biggest swindle in American history."

Let's give credit where it is due, Moore is good at his craft. He knows how to push all the right buttons, slice all the right video clips, edit all the right sound bytes, and basically tell a story in the way that his political views and values want that story told. You need a propaganda documentary made? Michael Moore is your man.

This is all well and good as long as you understand going into the theatre that this is what you will be paying your money to see: propaganda. One side of a story, told from a slanted view, through a tinted lens.

The fact is that greedy corporate tycoons and misguided politicians, flawed human beings, have been the problem, not our capitalist economic system.

Now if what you really want is the truth of the matter, explained in depth, with examples and in complete historical and political context, then what you want to do is pick up a copy of a book called "How Capitalism Saved America" by Thomas J. DiLorenzo.

In reading this enjoyable and educational book you will find out why DiLorenzo says "Free-market capitalism, based on private property and peaceful exchange, is the source of civilization and human progress."


In his book, DiLorenzo fully explains the overwhelming evidence which indicates that exactly what Barack Obama and his Democratic Party cohorts are doing right now: more regulations, taxes, government-run industries, controls, protectionism, and other forms of intervention, the poorer a country will be. These interventions will cause higher unemployment, higher prices, shortages of goods and services, and many other problems.

In his great work on capitalism titled "The Wealth of Nations", Adam Smith explained it's most important elements: the division of labor, social cooperation, and free exchange.

The idea of serving one's fellow man is central to capitalism. As DiLorenzo puts it "In a capitalist economy the primary means of improving one's standard of living is giving others that which they want."

It is precisely because of capitalism that "the average American working person today lives better in many ways than kings did serveral hundred years ago." Capitalism is pure democracy. People decide how they wish to spend their hard-earned money, in effect voting with their dollars, and everyone's dollar vote counts the same.

Key to capitalism, and indeed the key to overall freedom and economic prosperity, is private property rights. The absence of such rights has been the major cause of poverty around the world.

Since the 15th century creation of commercial property law and commercial law courts designed to enforce and protect property rights, capitalism has grown and flourished, along with every nation that has adhered closely to it's principles.

You see it already with attacks on the tobacco industry, the health industry, and many more to come. The Obama administration is clearly anti-capitalist, couching the control of money and power in public interest rhetoric. They will destroy jobs and economic freedom, all in an effort at socialist control. And now Moore will actually attack the very idea of capitalism itself.

Have there been those who have abused the capitalist system? Absolutely. As long as there are living, breathing human beings behind any form or system of government or economic power there will be greed, misuse, and corruption. That is what our justice and legal system is supposed to be for, to weed out criminals and make them pay for their crimes.

What America needed was a change to closer scrutiny in business practices and harsher public punishments for those who abused and manipulated the financial and economic system. It also needed a far more realistic home ownership policy. It needed to tweak capitalism, not trash it in favor of corporate bailouts, tax-payer funded stimulus plans, and socialism.

DiLorenzo states at the end of his book, that "capitalism has been America's great blessing." I might rather put it that our relationship with God since our very inception has been our actual great blessing. The intellectual ability to formulate and put into practice our system of capitalism has been one of His great gifts to us.

The question before us now is, will Americans allow 2 1/2 centuries of greatness to be destroyed by the emergence of political socialism here in the United States? Do yourself a favor before you decide that Obama and socialists might be on to something. Read ""How Capitalism Saved America" - you'll thank me, and yourself for having done so.