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Essay / Research Paper Abstract
A 6 page paper. The primary question addressed by the writer is: Does capitalism bring about democracy? If a country has a capitalistic economy, will that nation also adopt a democratic form of government? This is a highly debated question among economists and politicians. The writer provides evidence on both sides of the issue, using specific countries as examples. The writer also comments on whether or not a certain level of economic development is necessary to sustain democracy. Bibliography lists 6 sources.
Page Count:
6 pages (~225 words per page)
File: MM12_PGdemcpt.rtf
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Unformatted sample text from the term paper:
republic is that the elected members of the government will look after all segments of the population through a variety of legislative and regulatory controls. Capitalism is loosely defined as
an economic system in which the means of production is privately owned. In other words, the services and goods produced are done so through companies and organizations that are owned
by private citizens as opposed to being owned by the government. To succeed, a capitalist system needs to have ways in which very large sums of money can be borrowed
by the owners of organizations and companies. These companies must have capital in order to grow and prosper. The basic foundation for a capitalist economy is the premise that private
enterprise is the best way to organize the economic activities in a country. The success or failure of companies rests on the marketplace because it is the market that will
determine what will sell, and thus, what will be produced and who will produce the goods. It is also the market that determines at what prices services and goods can
sell. Wallace commented that "Democracy is the process by which we get ourselves organized to perform capitalism" (1996). He went on to say that "Democracy and capitalism are
like a lion and a bull pulling a sled together" (Wallace, 1996). It is a precarious collaboration between the two concepts and the fragile codependent relationship can be tipped easily
(Wallace, 1996). According to Wallace, democracy is the optimistic of the two, always with hope and always believing in success while capitalism is the pessimist always wondering when the other
shoe will drop, always fearing something will go wrong and thus, it is imperative to gain as much profit as fast as possible before the rug is pulled out from
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