Origin: U.S.A.
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Return to Capitalism: Understanding Economic Incentives by Someone who has Lived Them
William H. Northwall M.D.
Synopsis "Return to Capitalism: Understanding Economic Incentives by Someone who has Lived Them"
My book is about the future, and the readers I wish to attract are the younger generations, especially those people attracted to liberal, progressive and socialistic ideals. The young tend to reject capitalism because anti-capitalism is all they’ve been taught. Thus, they believe that business is in the business of making money and not helping the poor or the environment. They have established views on the horrors of greed. Today, we are mired in a mess that our politicians of both parties have created; unbelievable public debt, excessive taxation stifling our economy, entitlements well on their way to insolvency, poor inner-city schools, unaffordable higher education, and the list goes on and on. The solution to most of our problems is a return of capitalistic approaches. The moral sanctity of capitalism remains intact. It has lifted up millions from poverty and despair. Its nemesis, socialism, with its siren call for unlimited gifts to all, has given rise too frequently to tyranny and the deaths of millions at its worst, and poverty and economic stagnation at its best. Under a capitalistic system, the entrepreneur is the king, and it is essential in advancing opportunity and prosperity for all. Thus, I have explained in my book what entrepreneurs are, why what they do is morally correct, and why they should be embraced. Appreciation of market-based solutions is essential to understanding capitalism, i.e. where each individual makes his or her choice based on what they are willing to spend or are able to afford and what they consider gives them the most value. Conversely, central planning, like solutions from Washington, can in no way offer the right solutions to satisfy everyone. I begin my book by laying a foundation of economic ideas and definitions, which are not hard to understand, but lie outside the common vernacular and current political discourse. Thus, they may seem foreign to the reader, yet when thought about they allow the rest of what I’ve written later in the book to be more easily understood. I have put some emphasis on health care, as my working life as a busy medical doctor and radiologist evolved through periods of high inflation, immense technical change, and never-ending threats of malpractice lawsuits. My training and experience gives me some special insights into the health care debate. This background gives me credibility to offer views on health care, which I hope you will take seriously. Redirecting the ship of state away from a course headed towards insolvency and collapse will require a course correction to the RETURN TO CAPITALISM.
