Capitalism, or more precisely, the free market system, is the most effective way to organize production and distribution that human beings have found. Yet, financial markets are among the most highly criticized and least understood parts of the capitalist system. In Saving Capitalism from the Capitalists, Raghuram G. Rajan and Luigi Zingales argue that healthy and competitive financial markets are an extraordinarily effective tool in spreading opportunity and fighting poverty. Without vibrant, innovative financial markets, economies would invariably ossify and decline. Capitalism's biggest problem is the executive in pinstripes who extols the virtues of competitive markets with every breath while attempting to extinguish them with every action.
This is a groundbreaking book that will radically change our understanding of the capitalist system, particularly the role of financial markets. It breaks free of traditional ideological arguments of the right and left and points to a new way of understanding and spreading the extraordinary wealth-generating capabilities of capitalism.
