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Capitalism and Our Society Essay

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 during the
last several hundred years has the idea of a modern democracy been
developed and applied through the modern state. These two concepts are
thought by some to be interrelated, but contemporary critics of the
liberal form of democracy seek to separate the two notions of capitalism
and democracy. However, when examining the evidence of the relation of
the two, let us not use the altered conceptions or versions of these
terms, but rather analyse them by their base meanings as we have come to
understand them. After this analysis of the terms and a resulting
stipulation of what their base meanings are, critics may say that any
further analysis of the relationship between the two terms would be
tainted by their supposed definitions. The problem with this is that
without a common frame of reference between the two, no comparison would
be logically possible without considering an infinite range of possible
meanings. With this technical matter aside, the analysis will continue
with an investigation into arguments both for and against the separation
of the two terms, and then an evaluation of the true nature of
capitalism&rsquos relationship with democracy. Specifically the free
market economy dictating the actions of any democratic regime. After this
task of evaluation is complete, the argument will conclude with
illustrating how capitalism will actually lead to a more liberal form of
democracy.

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The first step of this investigation is to make some attempt to achieve a
common frame of reference between the two terms. Literally, democracy is
the rule of the people. Specifically, it is the organization in place to
allow people of a specified area, through organized elections, to give
their uncoerced opinion on who they want to represent them in government,
or what they want government to do for them. The underlying
presupposition is that government will always obey the command of the
majority of voters. There are many limitations to democracy, such as the
fact that people can only vote YEA or NEA on a specific topic area, thus
producing a dichotomy of choices that may not necessarily offer a
solution to a problem. Also, people must leave most decisions to the
people they elect, since they don&rsquot have enough time to continually
vote. However, the focus of this work is not to delve into this area of
controversy, but rather to take this understanding of democracy as the
stipulated definition for this work. One critical distinction must be
made regarding Berger&rsquos understanding of the term, and that is that
the term democracy does not include all the civil and human rights
associated with liberal democracy.


Similarly, by capitalism, this work will not use any other connotation of
the term other than describing the free market economy, where there is
private ownership of property, and the economic freedom to buy, sell, or
trade with whomsoever you chose. The critical element of the term is that
there is limited government in place to enforce contracts and to provide
a safe trading environment. Another specific meaning given to capitalism
is by Friedman, who describes capitalism as economic cooperation, where
both parties are benefiting from the trade, provided that the trade is
voluntary and informed on both sides.

READ:  I Have a Dream and The Gettysburg Address Essay


The next step in the investigation is to analyse some of the arguments
that capitalism is separate from democracy. Dryzek argued that an
individual&rsquos consumer preferences were
properly expressed in the economy, while the same persons political
preferences were expressed in politics3. This perspective indicates that
the capitalist economy is a separate entity form the democratic political
system, because these are two different institutions into which an
individual can state his or her preferences, depending on whether they
are economically or politically motivated. On the other hand, history has
given many examples of how a person&rsquos economic preferences have been
stated in the political forum, such as voting for a politician that has
promised to reduce taxes or to establish free trade between two states.

That same person could only express those preferences in the political
forum, because they alone would have no power to change the structure of
the economy such that it would seem advantageous to lower taxes

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Capitalism and Our Society Essay
Artscolumbia
Artscolumbia
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 during the
last several hundred years has the idea of a mod
2018-12-27 03:00:18
Capitalism and Our Society Essay
$ 13.900 2018-12-31
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