Back Matter "Capitalism Doesn't Fail" by Robert Villegas

Core Premises of the book “Capitalism Doesn’t Fail” by Robert Villegas

The Description of this book on Amazon reads like this:

"How many times have we heard the old saw: “Capitalism has failed again” over the course of contemporary events? We heard it during the Great Depression of 1929 after Hoover had invoked tariffs and precipitated economic retaliation and a banking crisis. Along with this question usually came a statement to the effect, that “We can fix capitalism and make it even stronger by issuing economic controls or spending money to stimulate economic activity.” This book will argue that capitalism, as an economic system, cannot fail as long as individuals are free to act."

This book asserts that capitalism, as an example of economic freedom (which is animated by the concept of individual rights) cannot possibly fail to produce wealth and affluence in society.

The key elements of capitalism are the following:

·       Mass Production

·       Division of Labor

·       Law of Supply and Demand

·       Capital Accumulation

·       The Free Flow of Capital

·       Corporate Structure

·       Monetary Policy

·       The Principle of Trade

In this book, I analyze each of these elements to show how they operate as integrated economic principles that work to create wealth and affluence. I also expose the core principles of economic action which are self-interest and the profit motive (protected by government through the Bill of Rights) to be the key elements that are not found in other forms of social organization which absence in those systems cause their failures. They inability of socialism, for instance, to predict the effects of capital expenditures, are the causes of the failures of socialism. You can purchase "Capitalism Doesn't Fail" at his link: Capitalism Doesn't Fail

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