What will happen, if Alan Greenspan writes a book?
Yes, the legendary former Fed Chairman and the acclaimed writer and historian created with Adrian Wooldridge a book with the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen.
Capitalism is a system that is controlled by private investors. Presently, the Wealth in the world is more than what it was three centuries ago with the United States of America being the wealthiest country in the world. The United States is where it is today before of the unique dynamic of economic growth it passed through in the past two centuries. The heroes of this change are the entrepreneurs.
Greenspan and Wooldridge referred to them as eccentric at best, cruel and dangerous at their worst, and are very hard people to live with. The United States has now surpassed old world powers like Britain and France in innovation and wealth because its entrepreneurs and businessmen have efficiently used the country's education and infrastructure to massive improve all sectors of its economy.
However, Greenspan and Wooldridge, believe that America is now in crisis and blame it on politicians, liberal intellectuals, and people that do not support capitalism.Places that support entrepreneurial capitalism have seen substantial growth, however, it is the conservative parts of America that do not want dynamism and economic growth.
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