Essay on capitalism and democracy

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Democracy is the rule in which people select who their leaders will be. It is the rule for Democracy has its origins in ancient Greece where the Greeks were entitled to selecting their own leaders. In a democracy, citizens of a country can vote for or against certain laws before they era enforced. There are different types of democracies including parliamentary and presidential systems. Constitutional monarchies as seen in the United Kingdom and Spain are also considered as democracies.
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A Better Economy Is Possible. But We Need to Reimagine Capitalism to Do It

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Capitalism - Wikipedia

He was of the fact that a capitalist industrial economy has succeeded in rendering government useless. The author described him as one modern man who not only live and think in the old way but always trying to bring an improvement into the government system and country as a whole. He viewed the system as being a distinctive one between each nation. I have concluded that Alexander Hamilton is an economic genius of his time. The first National Bank, he displayed his brilliance as an economist. He also outlined a plan to create the capital required to kick start a prosperous economy and introduced government tariffs, subsidies, and awards to encourage American Manufacturing.
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Social democracy

The question of whether democracies create capitalism, or the other way around, I think is too simple and ignores the circumstances in which both are initially created. Historically, it was changes in the economic system and in structures of society, without appropriate simultaneous shifts in the government structure, that created enough tension within societies to warrant a complete reconstruction of governmental institutions. I tend to think that democracy does not have the potential to really.
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Further, he does not deny the plausibility of communism if it were administered gradually and on a small scale Mill This competition leads to lower prices of commodities, which actually leaves more surplus to pay wages of workers Mill This is a divergence from the Marx perspective that competition actually increases worker suffering. Briefly, communism calls for an economic order of sharing the ownership.
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