The Beauty of Capitalism and why it thrives despite its many critics

The book is divided in three parts-foundations of capitalism, its supremacy, and challenges. The foundations of capitalism (Chapters 1 through 4) start by defining capitalism. This is followed by an overview of its six fundamental institutions, a clarification of the main types of capitalism, and an examination of the roots of anticapitalism ideologies. The supremacy of capitalism (Chapters 5 through 8) is shown to be not only economic but also social: a major driver of freedom, democracy, and equality, which so often have been invoked to denigrate capitalism. Finally, the challenges to capitalism (Chapters 9 through 14) discuss the threats internal to market capitalism, with a special emphasis on those related to a growing financialization of the economy and a perverse evolution of finance theory. This section also includes an examination of how regulation may interfere with capitalism and a clarification of what one can and cannot expect from capitalism. This part concludes with a speculative analysis of how capitalism may end.