Book Review: “Capitalism in America”​ and “Women Who Hate Other Women”​

Jan 20 Book Review

“Capitalism in America” Authors: Alan Greenspan and Adrian Wooldridge

Capitalism in America is an excellent book for everyone who wants to understand the reasons for American economic might and what causes economic ups and downs with a historical perspective. The authors, a past Federal Reserve chairman, Alan Greenspan and an economist, Adrian Wooldridge also consider whether America will retain its economic superiority or will fade into mediocracy.

The most important reasons for America’s unprecedented economic superiority, according to the authors, are innovation, creative destruction and encouragement provided to the entrepreneurs.

Creative destruction is described as the dismantling of long-standing practices in order to make way for innovation. Creative destruction was first coined by Austrian economist Joseph Schumpeter in 1942. Thus, creative destruction is also called Schumpeterian process

The authors give credit for America’s economic growth to Laissez-faire. Further on, the authors suggest that entitlements reform and more pragmatic reserves ratios at big banks are essential to maintaining our economic superiority.

Entitlement reform is making changes in government programs such as Social Security and Medicare so that they are less expensive. Cash Reserve Ratio is the percentage of deposits which commercial banks are required to keep as cash.

Capitalism in America is a must read for a clear understanding of capitalism vis-à-vis democracy.


“Women Who Hate Other Women” Author: Heather Hodsden

I came across Women Who Hate Other Women by Heather Hodsden while browsing The introduction of this book states, “My goal is to shed light on the problems they (women) face and to tell women’s workplace horror stories.” This subject, which is extremely close to my heart, has been overlooked, ignored, and ill-addressed.”…” The goal of this book is to let other women who have been verbally assaulted, fired for no reason of their own, and gossiped about by another female coworker know that they aren’t alone.”

The book’s Chapter One starts with Heather’s own experience at Sayreville War Memorial High School where she was employed as a French language teacher. There she was bullied, ostracized and humiliated by none other than her female co-workers. To add insult to injury, the school administration fired her at the end of the 2003 school year without taking any steps to act on Heather’s complaints. The other teachers were jealous of her superior pedagogy. Later, a male teacher gave her the shocking news that her own mentor (a female) felt insecure due to her (Heather’s) teaching abilities.

Heather suggests that women should fight against this malaise. She reveals that “The “history” of women in the workplace is to pretend that “hating” doesn’t exist.” She gives facts and figures about women’s abuses at the workplace and provides the needed suggestions about the remedies and resources to get help.

The book is easy to read and very interesting. The problem is that the book’s title and the first chapter, “Sayreville- My Story” gives the impression that Women Who Hate Other Women may just be a sob story. In fact, it’s not so.

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