In these months of reaction, and resentment of governmental controls, one questions whether this book which examines the...

READ REVIEW

THE DIVINE RIGHT OF CAPITAL

In these months of reaction, and resentment of governmental controls, one questions whether this book which examines the failure of absolute capitalism today, and suggests a compromise which will impose controls on big business, will find the market it should have. This is a simplification, rather than a popularization, of our present economy, argued in a manner as persuasive as it is easily accessible to the uninformed. Ayres shows how capitalism, a system based on money power, replaced the land power system of feudalism. He shows the primary source of its failure, that the entire product of industry is not purchased, that the buying power of the masses is unequal to the output. And that therefore depressions have recurred, periodically, with wars as the final offset to underconsumption. He analyzes the various, limited correctives- public works, social security, progressive taxation. He sees limited capitalism, which will purge the worst features of absolute capitalism, as perhaps not the ideal- but the workable answer- one where ""free private enterprise"" will enlarge the common freedom, rather than the freedom of a few. This is economic theory, which seems scientific rather than visionary, with none of the sweeping utopianism of the Stuart Chase books.

Pub Date: Aug. 6, 1946

ISBN: N/A

Page Count: -

Publisher: Houghton, Mifflin

Review Posted Online: N/A

Kirkus Reviews Issue: Aug. 1, 1946