The Capitalism Argument—and the fatal flaws of socialism. Many Americans today do not understand the genius of capitalism. They never learned at school how the capitalism/free enterprise system has been the catalyst and foundation that has made America the most prosperous nation in the history of the world. Failure to understand how capitalism is a key ingredient of our creative, ingenious, productive and prosperous economy puts Americans and their elected officials at risk to mishandle the many political issues that affect our economy. This book is written to help cure this lack of understanding.