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Capitalism, Socialism and Democracy

Joseph A. Schumpeter

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Customer Reviews:
Total reviews: 18 Average rating: 4.0 of 5

Good Analysis, Bad Predictions 4 out of 5 stars.
6 of 6 people found this review helpful.

CS+D is one of the greatest books on political economy in the twentieth century. Schumpeter wrote this book when his generation was about to reach a fork in the road. What would the postwar world look like? Could Capitalism survive? Can Socialism work well enough to replace Capitalism? Was the dictatorial socialism of the USSR the wave of the future or could we have some form of democratic socialism? Schumpeter offered concise general answers to these questions. No, Capitalism cannot survive, and yes socialism can work.

In retrospect we can see that Schumpeter was wrong. However, there is no denying the greatness of this book. While Schumpeter's prediction of the demise of Capitalism was exaggerated, this is to some extent an understandable error. Schumpeter was right about how Capitalism would be attacked, but he overestimated the chances for the success of this attack. Capitalism did come under attack from the carping criticism of intellectuals. Many of those who you might expect to defend Capitalism remained silent. Yet capitalism survived anyway. Schumpeter's assertion that socialism can work is less defensible. Schumpeter also erred in predicting the obsolescence of the entrepreneurial function.

We can now use 20-20 hindsight to criticize Schumpeter for his general predictions. Or we could recognize that many of his individual supporting arguments are thought provoking, if not correct. Schumpeter had some good insights into democracy. His ideas on creative destruction and monopoly are important. Schumpeter does a good job discussing Marx too.

The important thing to remember while reading CS+D, is that you can learn much from it even though its major predictions failed the test of time. The issues explored in CS+D are vastly complex and involve elements that are hard to measure, let alone predict. One can be right on nine out of ten supporting arguments and still get the wrong answer in the end.

CS+D stands along side Hayek's The Road to Serfdom and Keynes' The General Theory as one of the most important and influential books of this mid Twentieth Century. Aside from its historical importance CS+D has many good insights. Schumpeter is worth reading despite the fact that his major predictions have failed. Read CS+D for its detailed analysis of economic and political systems, not for its general predictions regarding the postwar world.

Editorial Review:

In this classic and prescient book, Joseph A. Schumpeter introduced the world to the concept of "creative destruction," which forever altered how global economics is approached and perceived. Capitalism, Socialism and Democracy is essential reading for anyone who seeks to understand where the world economy is headed.

Reclaiming Conservatism: How a Great American Political Movement Got Lost--And How It Can Find Its Way Back

Mickey Edwards

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Total reviews: 16 Average rating: 5.0 of 5

Editorial Review:

The conservative movement--which once nominated Barry Goldwater for President, and later elected Ronald Reagan--was based on a distinctly American kind of conservatism which drew its inspiration directly from the United States Constitution--in particular, an overriding belief in individual liberty and limited government. But today, Edwards argues, the mantle of conservatism has been taken over by people whose beliefs and policies threaten the entire constitutional system of government. By abetting an imperial presidency, he contends, so-called "conservatives" have gutted the system of checks and balances, abandoned due process, and trampled upon our cherished civil liberties. Today's conservatives endorse unprecedented assertions of government power--from the creation of secret prisons to illegal wiretapping. Once, they fought to protect citizens from government intrusion; today, they seem to recognize few limits on what government can do. The movement that was once the Constitution's--and freedom's--strongest defender is now at risk of becoming its most dangerous enemy. Edwards ends with a blueprint for reclaiming the essence of conservatism in America.
Touching upon many current issues, this passionately argued book concludes that many of today's conservatives seem to have it all backwards. They have turned conservatism upside down--and this book calls them on it.

Change for America: A Progressive Blueprint for the 44th President

Amazon Price: $16.47 List Price: $24.95 Not yet published By: Basic Books

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Editorial Review:

“Mark Green and Michele Jolin look to 2009 as the beginning of an era of renewal and progressive governance in America. Change for America presciently and insightfully offers specific ideas for what our next President can do to revitalize our nation and restore our standing abroad."—President Bill Clinton

It was an election about change, but how will that change actually happen?

The result of a collaboration between the Center for American Progress Action Fund (the advocacy arm of Washington’s leading-edge progressive think-tank led) and the New Democracy Project's Mark Green, this comprehensive volume is written by over sixty leading policymakers, scholars and advocates.

Based on four core values—of democracy, security through diplomacy, opportunity and a greener world—Change for America offers scores of solutions how to repair our broken government and create an enduring progressive era.

“The Center for American Progress Action Fund and Mark Green have assembled some of our nation's best minds, and their best ideas, into a book is packed with innovative, practical, and progressive solutions that will help take America in a New Direction."—Speaker Nancy Pelosi

“These thoughtful essays offer a progressive way forward for the vast majority of Americans who hope their government works for the many, not just the few.”—Senator Ted Kennedy

“We don't just need a transition -- we need a transformation. Mark Green and Michele Jolin's encyclopedia of change offers a brilliant roadmap for the 44th President.”—Senator John Kerry

“This is one of the most important books to be published this year. It's a handbook for restoring the New Deal's social compact with our citizens over the first '100 Days' and the next 1360.”—James Roosevelt, Jr.

“Change for America is brilliant, timely and practical and teems with hard earned wisdom and common sense.”—Michael Eric Dyson

What's the Matter with Kansas?: How Conservatives Won the Heart of America

Thomas Frank

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Total reviews: 378 Average rating: 4.0 of 5

Editorial Review:

With a New Afterword by the AuthorThe New York Times bestseller, praised as "hilariously funny . . . the only way to understand why so many Americans have decided to vote against their own economic and political interests" (Molly Ivins)Hailed as "dazzlingly insightful and wonderfully sardonic" (Chicago Tribune), "very funny and very painful" (San Francisco Chronicle), and "in a different league from most political books" (The New York Observer), What's the Matter with Kansas? unravels the great political mystery of our day: Why do so many Americans vote against their economic and social interests? With his acclaimed wit and acuity, Thomas Frank answers the riddle by examining his home state, Kansas-a place once famous for its radicalism that now ranks among the nation's most eager participants in the culture wars. Charting what he calls the "thirty-year backlash"-the popular revolt against a supposedly liberal establishment-Frank reveals how conservatism, once a marker of class privilege, became the creed of millions of ordinary Americans.A brilliant analysis-and funny to boot-What's the Matter with Kansas? is a vivid portrait of an upside-down world where blue-collar patriots recite the Pledge while they strangle their life chances; where small farmers cast their votes for a Wall Street order that will eventually push them off their land; and where a group of frat boys, lawyers, and CEOs has managed to convince the country that it speaks on behalf of the People.

Kids Are Americans Too

Bill O'reilly, Charles Flowers

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Total reviews: 48 Average rating: 3.5 of 5

Editorial Review:

Four-time #1 bestselling author and veteran television news journalist Bill O'Reilly has more than 5 million copies of his books in print to date! His first book for younger fans, The O'Reilly Factor for Kids, held the honorable distinction of being the #1 bestselling nonfiction title for kids in 2005 according to Nielsen's The Book Standard.

Back again with a dialogue on rights that will have everyone talking, O'Reilly and his coauthor Charles Flowers dole out the kind of blunt, cogent, commonsense commentary you count on them for. Together they explore timely questions being debated in and out of courts today including:

• Can a kid wear an antigay T-shirt on campus?
• Does a school newspaper have the right to bad-mouth a principal?
• Does a mother have the right to eavesdrop on her daughter's telephone conversations?

Some of the answers will surprise you. Some will empower you. All of them will make you think.

How to Ruin the United States of America

Ben Stein, Phil DeMuth

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Total reviews: 12 Average rating: 4.0 of 5

Editorial Review:

On the heels of his very successful books, How to Ruin Your Life, How to Ruin Your Love Life, and How to Ruin Your Financial Life, Ben Stein, in collaboration with his pal Phil DeMuth, has tongue firmly in cheek once again as he comes up with surefire ways to ruin the greatest nation in the history of the human race.

Try a few of these on for size:

·       Trust the United Nations to protect us and our security.

·       Make it unlawful to worship God or even to show images of the Ten Commandments.

·       Convert our universities into fortresses of anti-Americanism, hatred of freedom, and centers of confusion and ignorance.

·       Encourage contempt for the family and for the community.

·       Allow Hollywood to brainwash us into believing that only suckers and criminals fight for their country.

·       Treat the military, the police, firefighters, and teachers as losers and pay them starvation wages.

Hey, does any of this sound familiar? Maybe that’s because it’s already happening! Ben and Phil give you all the information you’ll ever need in order to successfully ruin the USA even further! Sardonic, humorous, but also angrily emphatic, this is a book every old-fashioned patriot really needs to read!

The Really Inconvenient Truths: Seven Environmental Catastrophes Liberals Don't Want You to Know About--Because They Helped Cause Them

Iain Murray

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Total reviews: 24 Average rating: 4.5 of 5

From a former environmentalist teacher, now a conservationist steward 4 out of 5 stars.
13 of 18 people found this review helpful.

I once proudly called myself an environmentalist. Now I am a conservationist and a steward.

I believe some wild spaces should be saved. I recycle (A lot!). I coordinate my school's paper recycling program. I own several of those little flourescent bulbs and I use them every day. I don't spray chemicals all over my yard. I don't dump motor oil down the drain. I pick up garbage when I walk the dog. I go camping. I go to the Earth Day celebration in downtown Indianapolis because it's a great place to get information on clean-up events and they give away free trees! I also love it when they assume that I must be an ultra-liberal just to be there!

Now that I've said all of this, let me say that I am not an environmentalist. I used to be. Way back when, when I first started teaching, I showed movies to my kids in world geography that said the world as we know it is going to end by the year 2000. Mass flooding, all of the fish dead, mass starvation, etc. They were older versions of the "Inconvenient Truth" that featured Hollywood stars and quoted heavily from Gore's "Earth in the Balance".

I am now embarrassed by all of that.

Why? Because I fell for the hype and did not do simple things like check sources and see if what I was being told was backed up by other testimony. Sometimes, simple facts get in the way (like Ehrlich's "Population Bomb" book predictions never quite came true, like those predictions in the videos I showed to my class) and make it hard to follow that line of reasoning any longer.

So, what are the 7 environmental catastrophes:

1. DDT & Malaria in Africa
2. Ethanol as fuel
3. The "Pill" and its effect on fish downstream from water treatment plants.
4. The burning of Yellowstone and other National lands
5. The Cuyahoga River burning
6. The Endangered Species Act "Shoot, Shovel and Shut up!"
7. The Aral Sea

Positives:

This book is extremely well-written and approachable. It is also well-documented with more than 300 footnotes.

His commentary on DDT & Malaria is not only well thought out, but correctly placed as the first disaster since it causes around 1 Million deaths per year. He does not deny that DDT can have an affect on large birds, but he points out that it was not the use of DDT that caused it, but rather the mis-use of it. DDT is effective in small doses and does not need multiple applications to control bug populations. The multiple applications is a mis-use that makes it dangerous for birds (although it begs the question: Is any bird species worth 1 million lives every year - we are now up to nearly 40 million dead due to malaria carried by mosquitos). It does not cause human birth defects as Rachel "Silent Spring" Carson suggested. He skewers her research. Why it is still held up with pride as the start of the modern environmental movement is a mystery to me.

His commentary on Al Gore (do as I say, not as I do) and what he characterizes as the Church of Eco-Paganism are brilliant. He builds on Michael Crichton's commentary along the same lines and calls it a form of eco-Lutheranism (not to insult Lutherans - I am one and thought it was brilliant) since it is based on "Not one works, but on Faith alone," which is why the high priest of the movement, Al Gore, can use more than 20 times the electricity of the average Tennessean, own 2 more homes and jet around the world while telling us to cut back - he has the Faith!

The commentary on the Endangered Species Act was strong and largely built on an essay by the author of Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything, Steven D. Levitt. It studies the unintended consequences of the Endangered Species Act in which some people kill endangered species or destroy their habitats so they don't lose their property rights to a series of federal mandates.

Negatives:

His commentary on ethanol is strong, but goes overboard. His math sometimes does not make sense. He claims (correctly, I'm pretty sure) that all of the gasoline must be 10% ethanol. A few pages later he notes that if this were to happen an extra 55 million acres of corn would have to be planted. Well, we're already doing it. He also cites sources that claim we'd have to clear cut forests to plant all of this corn. I live in the cornbelt (Indiana) and I grew up on the farm. Every farmer has fields that are devoted to hay, straw or pastureland that will be converted to fields before we start clearing forests. Plus, increased yields (an achievement Murray points out in this chapter) will make up some of the difference as well.

The Aral Sea disaster (it was drained to provide water to meet Soviet cotton crop targets) is awful, but can only loosely be placed at the feet of environmentalists. He cites it as an example of poor choices of central planning and a cautionary tale to central planning schemes like Kyoto or carbon credits, but this is a loose association at best.

So, in sum, this is a pleasure to read. Well-cited, but not a perfect book.

Editorial Review:

Iain Murray's rollicking exposé reveals how environmental blowhards waste more energy, endanger more species, and actually kill more people than the environmental villains they finger.

The O'Reilly Factor: The Good, the Bad, and the Completely Ridiculous in American Life

Bill O'Reilly

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Customer Reviews:
Total reviews: 384 Average rating: 3.5 of 5

keep writing Bill we love you :_) 5 out of 5 stars.
1 of 3 people found this review helpful.

My grandmother read this book out loud to me and we really enjoyed itI had a glass of warm milk and her cookies and I want her to read it again to me.I want to be just like Bill someday.This book is fun and never boring too.

Editorial Review:

The million-copy New York Times bestseller from the Fox News anchor who’s brought new excitement–and massive amounts of populist common sense and rock-solid honesty–to television news.

Now four seasons strong, Bill O’Reilly’s nightly cable news program, “The O’Reilly Factor,” is one of the hottest shows on the air. In book form, The O’Reilly Factor has sold over a million copies and spent fourteen weeks at the top of the New York Times bestseller list. Obviously, Bill O'Reilly has made his mark. His blunt, ironic, no-holds-barred style has earned him a devoted audience–friends and foes alike–who send him five thousand letters every week. And with the wit and intelligence that have made him one of the most talked-about stars in both television and publishing, O’Reilly continues to identify what’s right, what’s wrong, and what’s absurd in the political, social, economic, and cultural life of America.

Conservative Comebacks to Liberal Lies: Issue by Issue Responses to the Most Common Claims of the Left from A to Z

Gregg Jackson

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Total reviews: 78 Average rating: 3.5 of 5

Editorial Review:

THE CONSERVATIVE S POLITICAL BIBLE. Let s say you re listening to a loony liberal, debating some dopey Democrat, or arguing with a gaggle of goofy lefties. Wouldn t it be great to have the facts to combat all those liberals lies? Well, here it is: finally, the book that sets the record straight! Radio host and author Gregg Jackson has written THE authoritative answer book for conservatives concerning our nations key concerns: Abortions, terrorism, the Patriot Act, separation of church and state, immigration, the environment, homosexual marriage, taxes, deficits, school vouchers, gun control, health care, social security, education, media bias, and President Bush s real record of achievements. What makes Conservative Comebacks to Liberal Lies so important is that it gives conservatives, right-leaning independents, and even disaffected Democrats the truth they need to counter common liberal claims. Issue by issue, the book offers clear and concise conservative responses and comebacks. Here is a brilliant, A-to-Z reference book that gives readers clear-cut answers on today s most pressing political and social issues. Conservative Comeback to Liberal Lies should be in the hands of every red-blooded conservative in America!

A Patriot's History of the United States: From Columbus's Great Discovery to the War on Terror

Larry Schweikart, Michael Patrick Allen

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Total reviews: 93 Average rating: 3.5 of 5

Editorial Review:

For the past three decades, many history professors have allowed their biases to distort the way America’s past is taught. These intellectuals have searched for instances of racism, sexism, and bigotry in our history while downplaying the greatness of America’s patriots and the achievements of "dead white men."

As a result, more emphasis is placed on Harriet Tubman than on George Washington; more about the internment of Japanese Americans during World War II than about D-Day or Iwo Jima; more on the dangers we faced from Joseph McCarthy than those we faced from Josef Stalin.

A Patriot’s History of the United States corrects those doctrinaire biases. In this groundbreaking book, America’s discovery, founding, and development are reexamined with an appreciation for the elements of public virtue, personal liberty, and private property that make this nation uniquely successful. This book offers a long-overdue acknowledgment of America’s true and proud history.