Freedom or Equality

A straightforward, modern, and comprehensive approach to our economy that encourages saving, investment, and innovation—leveraging capitalism’s benefits to improve opportunities for everyone rather than a select few.

Capitalism offers greater prosperity and opportunity for everyone, while socialism, unnecessary interventionism, and other choices inevitably fail. But capitalism is quickly falling out of favor with the middle class in the Western world.

Fortunately, it can be fixed.

The next decades will present numerous challenges: exponentially accelerating technology and use of robots, an aging population, repressive taxation, and the sustainability of education and health care costs—to name just a few. Freedom or Equality addresses those challenges while presenting a fresh examination of Social Capitalism—a moderate option between extreme solutions of all sorts that can deliver superior growth and prosperity worldwide.

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Life in the Financial Markets (Wiley, 2015), The Energy World Is Flat (Wiley, 2015) and Escape from the Central Bank Trap (Business Expert Press, 2017). He is a professor of Global Economy at IE Business School in Madrid.

Ranked as one of the top twenty most influential economists in the world in 2016 and 2017 by Richtopia, he holds the CIIA financial analyst title, with a post-graduate degree in higher business studies and a master’s degree in economic investigation. He is a member of the advisory board of the Rafael del Pino Foundation and Commissioner of the Community of Madrid in London.

Lacalle is a regular collaborator with CNBC, Bloomberg TV, BBC, Hedgeye, Seeking Alpha, Business Insider, Mises Institute, and The Epoch Times as well as an occasional consultant for The World Economic Forum, Focus Economics, The Financial Times, The Wall Street Journal, and other major news publications around the world.