We’ve tried a government spending spree and learned it doesn’t work. Now is the time to rededicate our country to the pursuit of free market capitalism, before we’re buried under a mound of debt and unfunded entitlements. But how do we navigate between government spending that’s too big to sustain and financial institutions that are “too big to fail?” In his new book, George Gilder proposes a bold new theory on how capitalism produces wealth and how our economy can regain its vitality and its growth.
In Knowledge and Power, Gilder reflects on entrepreneurship in its most successful contemporary examples – the tech and digital industries. Having seen firsthand the beneficial effect of a large grouping of individuals left to innovate and grow their businesses unmolested, he argues for the positive results of knowledge left to evolve without the restricting hand of government oversight. The astounding growth of upstart companies both big and small in Silicon Valley was made possible by the freedom they had to wager and risk as they saw fit. Now, in an era where encroaching regulations threaten to stymie further growth, Gilder makes the case why government involvement should be limited.
George F. Gilder is a journalist, New York Times bestselling author, and preeminent economic thinker who is credited with helping to develop the supply-side economic theory. He has served as Chairman of the Lehrman Institute’s Economic Roundtable, was Program Director for the Manhattan Institute, and is the Co-Founder of the Discovery Institute. He has written for the Wall Street Journal, National Review, Forbes, and other publications. His previous books include Men and Marriage, Visible Man, and Wealth and Poverty.