Folklore of Capitalism Book

"The greatest destroyer of ideals is he who believes in them so strongly that he cannot fot them to practical needs." Pg. 393

What an unexpectedly eye-opening book. Originally written in 1937 (my copy is the "updated" 1964 edition) it highlights so many things that are STILL wrong with the way this country functions. Some chapters, admittedly, were very high-level and occasionally difficult to get a handle on. However some very basic ideas that we could all learn from.

America isn't Capitalist. We call it capitalism but we don't follow the basic rules of it. And quite frankly many people (cough cough Libertarians) that would agree with that first statement also fall victim to the Folklore of Capitaliam. In this same line of reasoning America is compared to Europe during the Wars of Reformation. It doesn't matter if something is beneficial, or works better, if it doesn't fit into whatever Americans falsely advertise as capitalism (please see: anytime the word Socialist is hurled at an idea or as an insult).

This book covers several other extremely important topics like political reform and taxes as well.

I actually found it in my law school library after 1L year, they were getting rid of old books for free.

I'd definitely recommend but it's also not a casual read.