This book explains why the US (and other Western economies) are in such dire straits and how to bring back prosperity. The remedy is radical: promote rational selfishness, which is the basis of profit, and condemn altruism, which is the basis of statism (Big Government).
The need for a moral approach to economics, and the case for rational selfishness, is coherently and persuasively made by the authors using an approach that integrates Ayn Rand's philosophy, with a deep understanding of economics. Demonstrating with example after example how altruism has undercut and misrepresented capitalism since its birth, the authors succeed in overturning the plethora of socialist myths and current day platitudes that will kill off business and the Western standard of living unless challenged.
Ayn Rand's pioneering approach to capitalism is ably built upon by Brook and Watkins with excellent new formulations such as the following: "The conventional picture of the free market is wrong. It is not a reckless, senseless, Wild West race to the bottom but a dynamic race to the top."
And in regard to our ever increasing regulation: "In the name of fighting selfishness, the state treats profit seekers like convicted criminals and vests 'public servants' with incredible amounts of arbitrary power."
And in conclusion: "There is nothing noble about altruism, nothing inspiring about the initiation of force, nothing moral about Big Government, nothing compassionate about sacrificing the individual to the collective."
This book is a rallying cry to businessmen everywhere and offers them a unique and unbeatable weapon in their fight against moral defamation, state control, and the poverty it produces.