Friday, April 24, 2015

Confronting Capitalism: Real Solutions for a Troubled Economic System by Philip Kotler

Confronting Capitalism brings a fresh perspective on what capitalism is and how different variations of it are in existence in the world today.  It provides an overview of what the subject is about so readers who are not acquainted much with the subject will be able to understand what is being discussed. This is followed by 14 chapters which correspond to the problems with this economic system and proposed solutions for each problem.

One of the things that I like in this book is the simplicity in writing employed by the author. I was expecting that it would include several concepts written in a way that only those who have PhDs in economics would understand. Fortunately, this book is written like the author is speaking to a friend who is just curious to know about this prevailing economic system.

Moreover, each chapter includes the proposed solutions for the different economic pitfalls provided in the book. The solutions are meant to stir thinking rather than a compilation of quick fixes. The problems of capitalism are not simple and therefore require delicate balance on whatever approach are  taken to solve it.

On the other hand, I can say that this book is not entirely neutral. When you read this book, you also see the biases of the author towards several issues. However, I can say that the author provided justice by explaining both sides of the issues as much as possible. You may never agree on some of his view points as I don't agree with some but certainly this book will make you think about the issues.

As far as to whom I would recommend this book, I would say that politicians, businessmen, entrepreneurs, lobbyists, and others who have an interest in the way our economic system works should buy and read this book.

Overall, this is a great read. The book tackles multiple issues with such conciseness that I would very much want to dig deeper and read more books about the issues provided.


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