First published 2009
Capitalism shapes daily life across America and the globe, yet its complex mechanisms remain mysterious to many. New York Times business journalist Gretchen Morgenson cuts through economic jargon to explain how this system actually operates. She examines capitalism's core principles and traces its role in both economic triumphs and catastrophic failures like the Great Depression and the 2008-09 financial crisis. The book explores globalization's real impact on personal finances and investigates why capitalism has endured as the dominant economic model despite its periodic disasters. Morgenson identifies the key players who champion free markets, the institutions that sustain them, and the laws that govern economic activity. She provides readers with practical knowledge to understand financial news and participate in informed discussions about America's economic foundation. This comprehensive guide serves anyone seeking to grasp the ideology that drives modern commerce and finance.
Genres: business, economics, non-fiction, finance
Vibes: comprehensive, informative, thought-provoking
Tropes: informative-guide
320 pages · ebook · HarperCollins Publishers