In defence of global capitalism
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Norberg has given us an insightful, joyous case that individuals should be able to live free, without interference from the government or anybody else. The book reminds me of spirited super-sellers like The Incredible Bread Machine. Norberg writes passionately about the moral superiority of capitalism. A free market, he says, is simply what you get when people are free.

He discusses the vital links between free markets and civil liberties. He wields his gifted pen like a gallant swordsman, knocking down one odious objection after another that has been leveled against capitalism. Inequality? "If everyone is coming to be better off," he asks, "what does it matter that the improvement comes faster for some than for others?

Only those who consider wealth a greater problem than poverty can find a problem in some becoming millionaires while others grow wealthier from their own starting points." He declares that the most serious type of inequality is inequality of capitalism. Starving, war-ravaged people in Africa desperately need more capitalism.

You'll enjoy seeing how Norberg deftly handles other many other issues like war, pollution, taxes, racism, welfare, child labor, unemployment and the oppression of women. Refreshing.

Review by Jim Powell reprinted from Laissez Faire Books

Some press reviews

"Suppose you have two nephews. One is a student of economics or a beginner in financial markets. . . . Your other nephew is an arts student or works in publishing or journalism. He has no aspirations to economic expertise but is convinced that global capitalism is making the rich richer and the poor poorer. You in your turn want to give them both a serious Christmas book. Here are ideal gifts.
In Defence of Global Capitalism is written by a 27-year-old former anarchist, Johan Norberg, who now believes that capitalism is a force for freedom. . .
The author is astonished that people who call themselves radicals should oppose the opening of borders and the dismantling of controls. In affluent countries free imports of goods and capital may seem a luxury. But in the Third World global capitalism can help deliver the masses from 'an existence in abject poverty, in filth, ignorance and impotence, always wondering where the next meal is coming from and whether the water you have walked so many miles to collect is lethal or fit to drink'. . .
But he goes beyond these generalities. Giving clear and verifiable sources, he nails one by one the fallacies and selective statistics that are used by the anti-capitalist protesters."
--Samuel Brittan, Financial Times December 17, 2001

"A song of praise to capitalism and free trade, full of facts. At times a brilliant collection of arguments against the commonest allegations of globalisation's pernicious effects on the poorest of the world's inhabitants."
--Dagens Industri, Sweden's biggest business newspaper, June 7, 2001.

"This book is a swingeing attack on anti-globalism . . . required reading for everyone attending the EU Summit in Gothenburg, on both sides of the crowd control barriers."
--Svenska Dagbladet, Sweden's biggest conservative daily, June 5, 2001.

"A manifesto for all of us optimists who are convinced that the world is getting better. . . . Norberg fights back against the moaning Minnies of the globalisation debate. Just for once, here is a liberal who is not an economist but a humanist. . . . Norberg supplies necessary arguments for refuting all those who try to kid us that things were better in the old days. Hardly anything was better in the old days, save possibly the quality of their pessimism."
--Peppe Engberg, Vision, June 7, 2001.

"The first thing that needs to be said is that this book has everything. Every imaginable tiny part of the consequences of the market economy and globalisation is discussed on its 260 pages. No question goes unanswered. No criticism of capitalism gets past Norberg's counter-barrage."
--Joakim Nilsson, Smålandsposten, June 25, 2001.

"Johan Norberg has written an agreeable book in defence of capitalism and globalisation. . . . Even in labour movement discussion circles I think it would repay close study."
--Torbjörn Tännsjö, Swedish socialist and Professor of Philosophy.

"Norberg doesn't mince matters. He approves of capitalism and free markets. He loves globalisation. He is committed, indeed impassioned. He writes plainly and personally. His book contains any amount of data on economics and trade, living standards and life expectancy, education and development, but at the same time it is highly readable. With powerful empathy he criticises the critics of world capitalism. But the best thing about his book is that it builds on extensive knowledge, on close studies of research and debate. He punctures many myths about capitalism and globalisation, though not by the usual means of clichés and doctrinal tenets, but by presenting data and systematically scrutinising assertions and declarations."
--Ingemar Mundebo, former Swedish Finance Minister.

"In chapter after chapter the author systematically hammers home his theses, supported by stringent analysis and references to a vast body of literature and statistics from any number of quarters… So how do we get a Göran Persson (Swedish Prime Minister) and a Leif Pagrotsky (Swedish Minister of Trade) to spend five reflective hours with this book?"
--Marian Radetzki, Economics Professor

"In spite of everything, Norberg's book isn't wretched through and through. There is certainly a need for criticism of left-wingers who speak of constantly growing inequalities, who utter doomsday prophecies of the earth's destruction and devote themselves to a fairly diffuse and destructive criticism both of free trade and of global economic institutions. Norberg is right in claiming that the global distribution of incomes has on the whole become more equal. Capitalism's ousting of feudalism, coupled with the abolition of a number of trade restrictions, has on the whole, and with certain exceptions, helped to bring about this equalisation."
--Johan Lönnroth, Economic spokesman for the Swedish Left Party (the former communists)

Click here to read Norberg's essay of the same title

 

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Last modified: November 12, 2006