In spite of its numerous obvious failures, many presidential candidates and voters are in favor of a socialist system for the United States. Socialism is consistent with our primitive evolved preferences, but not with a modern complex economy. One reason for the desire for socialism is the misinterpretation of capitalism.
The standard definition of free market capitalism is that it’s a system based on unbridled competition. But this oversimplification is incredibly misleading—capitalism exists because human beings have organically developed an elaborate system based on trust and collaboration that allows consumers, producers, distributors, financiers, and the rest of the players in the capitalist system to thrive.
Paul Rubin, the world’s leading expert on cooperative capitalism, explains simply and powerfully how we should think about markets, economics, and business—making this book an indispensable tool for understanding and communicating the vast benefits the free market bestows upon societies and individuals.
"In The Capitalism Paradox, Paul Rubin has given us a careful analysis of why so many economic fallacies persist and why so many people seem to be resistant to analytical thought about economic relations. Rubin draws on observations from the economy, psychology and evolution to explain this continuing mystery. He also shows that economists have not been their own best friends in promoting economic rationality among the general public… The Capitalism Paradox is a great clarification of the functioning of our evolved economic system and is recommended to all serious students of economics."