Not Half Free: The Myth that America Is Capitalist, by Walter Donway
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Not Half Free: The Myth that America Is Capitalist, by Walter Donway
Free Ebook Not Half Free: The Myth that America Is Capitalist, by Walter Donway
How, then, has the decline in economic freedom—in recent years a remorseless degradation of individual liberty—played out day to day in corporations and small businesses, in Washington, DC, and city hall, on Wall Street and in the courts? What are the grim mechanics in America today of encroaching government control and the inevitable consequence of a shrinking of the domain of innovating, choosing, acting economic man? What specifically are we losing that we care about—or should care about? Those are the questions answered in these 18 essays, which range from a demonstration that government is “nationalizing the financial industry” to a close-up look at how one Long Island town exercises plenipotentiary power over property rights in the name of zoning.
Not Half Free: The Myth that America Is Capitalist, by Walter Donway- Amazon Sales Rank: #1210977 in eBooks
- Published on: 2015-06-04
- Released on: 2015-06-04
- Format: Kindle eBook
About the Author From the Preface by David Kelley, founder of the Atlas Society: ''Walter Donway is a lifelong student of philosophy and his philosophical depth is on display throughout "Not Half Free." But I would recommend particularly “Bernie, Bernie, Was It ‘Selfish’?” for addressing the core, controversial issue of self-interest in a market economy. If you read nothing else, please read this one. Discussing the case of Bernard Madoff, whose Ponzi scheme caused investors millions of dollars in losses, Walter zeroes in with his philosophical lens on the central question and answers it with a narrative that is more effective than any abstract argument. "In the same vein, “Just Another Successful Business Man—Destroyed: The Ordeal of Greg Reyes,” tells the story of a government and media assault on one of the Hank Reardens in our world; and “Sharia Zoning,” makes the principle of property rights shine forth in a local municipal dispute. "Political acumen, a writer’s skill, philosophical depth: You have a treat in store for you."
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4 of 4 people found the following review helpful. Toward a Better Understanding of the attacks on Economic Freedom in the U.S. By Mike Mertens This collection of 18 essays by Walter Donway explores the decline of economic freedom in the United States while providing ideas and analysis to help reverse that decline. You are in for an intellectual treat as you read these essays – Donway writes well, boils the issues down to their essence (without oversimplifying) while making his theoretical points real through historical context, recent examples, metaphors, and philosophic and economic analysis.Why does this matter? As Donway writes toward the end of the book:“In an era when economic growth is driven as never before by innovation, when knowledge and invention are the great “natural resource,” the freedom to create, invest, produce, and trade no longer is merely an “advantage”— it is the life or death of the wealth of nations.”Donway begins by looking at what economic freedom is and documents how much of that freedom has been lost - especially over the last decade. He makes a sharp distinction between “crony capitalism” and true capitalism:“Do not say that capitalism is impossible without cronyism until you separate government and the economy in the same absolute way that the U.S. Constitution separates government and religion.”There are many valuable insights found throughout these essays. Here are just a few to give you a flavor of what you have in store in reading this book:• Thinking in Essentials – this is brilliantly covered in his essay “How to explain the crash to your barber” – his point that greed has always existed and his narrative using current, fuses and a penny truly gets to the heart of the matter.• Check Your Premises – Was Bernie Madoff Selfish? Read his essay “Bernie, Bernie: Was it Selfish?” for conceptual clarity and a provocative answer• Primary Values versus Consequences – his essay “Suing Apple to keep products from customers” covers the non-objective basis of anti-trust law. He discusses why competition is a consequence and properly notes “the primary value is the freedom to act, to make contracts, to enter any voluntary arrangement. It is this freedom of the acting individual, this unrestrained application of reason to the problem of production, which creates the unique bounty and progress of laissez-faire capitalism.”• How even semi-free, over-regulated markets can upset monopolies (specifically energy and OPEC in this case)Additionally, you will learn 10 things everyone should know about the dollar, the Yuan versus the Dollar (especially relevant given recent – June 2015 - IMF considerations related the Chinese Yuan), and a creative way to fix the debt crisis.I really enjoyed reading this book and I recommend it highly – understanding what led to the accelerating Economic Decline in the United States over the last decade and ideas for reversing that decline are important for all of us - both morally and practically.
3 of 3 people found the following review helpful. Nice collection of economic/philosophical essays By Todd Goldberg Disclaimer: I know the author, but nevertheless I can honestly say this is truly a nice little book, a collection of economic and philosophical essays, most previously posted on various web sites, from a libertarian/Objectivist viewpoint. Mostly related to the 2008 financial crisis and related subjects. All together, makes a convincing case that the problems blamed on capitalism and free enterprise are actually caused by government interference in the free market system. A highlight is the piece about why the notorious Bernie Madoff should NOT be considered "SELFISH." A quick/easy read despite its potentially deep subject matter. Nice introduction by Atlas Society founder David Kelley Ph.D. as well. Highly recommended.
2 of 2 people found the following review helpful. Insights into 21st Century American Economics By C. Jeffery Small Not Half Free: The Myth that America is CapitalistWalter Donway has assembles a wonderful collection of his essays, written between 2009 and 2015, which focus primarily on economics but also includes commentary on American politics and its impact upon our culture, all framed in terms of fundamental principles and their application to our lives.In his Introduction, Donway explains the books title by pointing out that when you add up the confiscation of personal productivity through taxation (28% of the country's Gross Domestic Product in 2008), the saddling of current and future citizens with a massive debt load through deficit spending (currently over $18 trillion) coupled with the unfunded liabilities of welfare programs (estimated to be in the hundreds of trillions!), along with the lost productivity wasted on compliance with arbitrarily imposed personal and business regulations, it is not hard to see that we retain much less that half the economic freedom that a true capitalist market would provide. In article after article, Donway addresses specific issues that demonstrate the accelerating erosion of our freedoms.For example, he discusses: * The creation of "crony" public-private channels whereby favorable legislation is influenced through back-room deals or purchased outright through campaign contributions. * The debasement of our currency. * How government agencies destroy property rights through the imposition of zoning and building codes. * How industry after industry has been nationalized in the 21st century. * The toll that government intervention into economic matters has had on the personal lives of specific individuals.Beyond those highlights there is much more covered in these essays and I highly recommend them to anyone with a desire to better grasp exactly what is happening to this country. The insights provided here will arm you with a better perspective for understanding the actions and intent of today's politicians as well as the corrupted submission to them of so many business leaders. Whether paperback or Kindle edition, this book is a bargain.
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