Review of "Capitalism: Opposing Viewpoints," edited by Bruno Leone
Review of Capitalism: Opposing Viewpoints , edited by Bruno Leone, ISBN 0912616504 Four out of five stars Arguments on both sides haven’t changed This book was published in 1978 and presents arguments both for and against capitalism. The first is by Adam Smith and basically sets down the basic arguments in favor of capitalism. Smith’s arguments were first made in the eighteenth century and are still cited largely in their original form by economists that favor pure capitalism. The essay by Smith is followed by one by Karl Marx and is from “The Manifesto of the Communist Party,” and summarizes Marx’s basic arguments against capitalism. The remaining essays make more modern arguments for and against capitalism. The last essay is by Sam Love and was written in 1977. In that essay Love argues that capitalism is afflicted by “the terminal illness of bigness.” In other words, his essay puts forward the modern argument that some companies are “too big to fail.” In moder...