Norberg, Johan. The Capitalist Manifesto : Why the Global Free Market Will Save the World. London: Atlantic Books, 2023. Print.

1. Global Progress and Poverty Reduction: Since the 1990s, extreme poverty has significantly declined from 38% to about 10% by 2015, largely due to capitalism and economic liberalization. This reduction isn’t confined to major economies like China; it’s a global phenomenon, with notable progress in East Asia, South Asia, Latin America, and the Middle East. Technological advancements have also improved health and education, highlighting the benefits of open economies.
2. Globalization and Automation: Contrary to the belief that they lead to job losses, globalization and automation have transformed the job market, moving workers from manual tasks to more complex roles. This shift has resulted in increased productivity and job satisfaction, with the service sector expanding and industrial production surging despite reduced manufacturing jobs.
3. Unlocking Prosperity in an Unequal World: Wealth disparities, often critiqued, are argued to be a byproduct of entrepreneurship and innovation, which broadly benefits society. Entrepreneurs contribute significantly to societal progress, suggesting that wealth concentration isn’t inherently detrimental when it stems from genuine innovation.
4. The Complex Role of Big Business: Large corporations, particularly in the tech sector, are shown to drive innovation and competition, offering lower prices and higher wages. Despite concerns about market dominance, these companies face continuous challenges, indicating a dynamic market environment.
5. Beyond Degrowth and Doom: Addressing climate change doesn’t necessitate degrowth but rather sustainable growth and innovation. Developed countries have managed to decrease their resource consumption relative to GDP, underscoring the importance of economic prosperity in fostering environmental protection.
6. Debunking the Myth of Isolation: Capitalism and individual freedom are defended against claims that they lead to societal disconnection and unhappiness. Capitalist societies are shown to encourage generosity, cooperation, and higher levels of life satisfaction, challenging the notion that wealth and individual achievement undermine communal values.