Capitalism and Democracy From the very dawn of intelligent human interaction to the present day, the concept of capitalism has dominated the way we trade goods and acquire wealth. Except for the necessity of a simple communist society in pre-modern times, or the noble humanistic notion of a socialist society, the free market has always been the most efficient way to run the economy once the most basic needs of life have been satisfied. Only …
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showed last 75 words of 3321 total
…understood in terms of each other, have served to guide the actions of the most powerful and influencing nation-states the world has ever seen. Perhaps the best way to end this brief treatment of capitalism and democracy is to cite Friedman&rsquos axiom which reads; "economic freedom is an indispensable means toward political freedom, and economic freedom is in itself a component of freedom broadly understood, so it is an end in itself".