In God We Trust
Morally Responsible Investing
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Doug Tooke
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This book is both timely and timeless.
In God We Trust delves deeply into current economic and market developments and reflects on how prosperity in the US returned in 2018, as capitalism has again been unleashed. The author says, "What a relief after eight years of economic stagnation and government over-regulation."
Oddly, as the US economy has benefited from pro-growth policies, like tax rate cuts and deregulation, there exists a rising tide of sympathy for socialism among leftist politicians and young people. This timeless divide between capitalism and socialism is explored within the context of the economic and moral ramifications for society in general and long-term investors, specifically.
Listeners with historical perspective will appreciate the logic of what should be obvious, that is, socialism has never worked anywhere on earth. Or aptly put by President Ronald Reagan, "Socialism can only work in two places: heaven, where they don't need it, and hell, where they already have it."
©2018 George P. Schwartz, Michael O. Kenney (P)2020 ODB Films
