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A Capitalism for the People: Recapturing the Lost Genius of American Prosperity by Luigi Zingales

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PREFACE

AMERICANS ARE ANGRY. THEY ARE ANGRY AT BANKERS, who contributed to the financial crisis but didn’t pay for it. They are angry at the ineffectual political establishment, which blamed the bankers but deserved at least as much blame for failing to rein them in. They are angry at an economic system that makes the rich richer and leaves the poor behind. They are angry because the ideal of “a government of the people, by the people, for the people” is at risk of perishing from the earth.

This anger has surfaced in many spontaneous movements: the demonstrations in front of executives’ houses, the activism of the Tea Party, the Occupy movement. Though these movements are united in their opposition to the status quo, one searches in vain among ...

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