CAPITALISM UNDER ATTACK explains the single biggest threat to the free enterprise system: the demonization of the profit motive.
CAPITALISM UNDER ATTACK explains the single biggest threat to the free enterprise system: the demonization of the profit motive. It demonstrates the urgent need to educate all Americans - but especially the next generation - about profit's vital role in our nation.
CAPITALISM UNDER ATTACK traces how the path of human economic history has led to an era where making money, owning property, and trying to maximize profits are seen by a large segment of the world population as selfish and even anti-societal aims. Ironically, data shows these anti-capitalist sentiments are most prevalent - and spreading at troubling rates - in the societies that have benefited most from capitalism over the last century. Places like the United States and Western Europe are today proving remarkably susceptible to neo-Marxist and redistributive socialist ideology - among academics in America's premiere institutions, among historians, and among politicians who continually rail against corporate profits or the evil "One Percent."
ANDY PUZDER reminds readers that the pursuit of profit was a lynchpin to America's success as a nation - and led to the creation of a middle class of shopkeepers, merchants, and entrepreneurs who could finally earn a living, succeed and fail, based on their own abilities.
Puzder briefly traces the history of profit from ancient times, to its golden age after liberal philosophers like John Locke and Adam Smith defended the idea of individual rights and private property. He explains how their ideas reached their purest form in practice when they were given new life as the basis for the creation of the new United States of America.
The world, led by that grand experiment in profit - the U.S. - has decided to reject and shame the idea of making money, and the consequences this shift could have in the future.
ANDREW PUZDER is the chief executive of CKE Restaurants, and helped turn Hardee's and Carl's Jr. into the fast food powerhouses that they are today. Starting as the owner's personal attorney in 1991, Puzder helped pull the company out of serious financial difficulties. Under his leadership, CKE has expanded to 3,700 restaurants globally.