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Democracy is associated with Capitalism because the democratic political system as it is practiced in the United States and most of the rest of the world allows every citizen to make and keep as much money as they can, as long as it's done within the law. United States was the first democratic country in modern history, and it also has gotten rich by embracing capitalism. Many people emigrated to the USA to make a good living, or to take a shot at earning a fortune while the rest of the world was still ruled by monarchies or divided by wars. The influence of the USA made the association between Democracy and Capitalism stronger.
Getting rich is by no means the only right and freedom you have in a democratic country, but it is made even more significant because of the former Soviet Union. From the end of World War II until its collapse 20 years ago, the Soviet Union was the only country in the world that by itself could stand up to the military and political power of the USA. The Soviet Union was neither democratic, nor a capitalist country. Its political system was mostly based on the writings of Karl Marx, the father of Communism. He basically spoke about taking power and money away from the rich, and distributing it equally between everyone. In the Soviet Union, everyone essentially worked for the government, and as far as official wages went, a doctor did not make much more money than a factory worker. Under the Soviet communist system, regular citizens did not vote either. The supreme leader was appointed by the communist party.
The cold war between the two super powers made the democracy/ capitalism/ communism debate very hot, but for the purpose of answering your question, and as you know it, Communism lost for many reasons, but one big one being that is it offered no rewards to individuals for their efforts. If you're growing up in a communist country, and see a doctor earning as much as a factory worker, how motivated will you be to work your butt off in school to become a doctor.
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Is capitalism necessay for a successful democracy?
no, democracy would be more inclusive and representative under a socialist system More to the point, democracy is a political theory/system, while capitalism is an economic system/theory. They are not directly connected in any way to each other.
Is Democracy and capitalism are mutually reinforcing or exclusive?
They are independent of each other. A democracy votes on what laws and rules regulate the populations behavior. Capitalism allows people to do as they wish and reap the rewards of their risk and labor. You can have a Democracy that dies not allow freedom to generate wealth if that is voted in. China has a very Socialist system that has more Capitalism in it then the United States does today.
What is another name for capitalism?
democracy, competition, commercialism, free market, industrialism
Three main economic systems of the world today?
Just different versions of capitalism, with varying degrees of state interference.
What is the name for an economy in which private enterprise and government regulation coexist?
market economy
What were the Ideals of Democracity?
To connect democracy with capitalism.
What has the author Masanobu Ido written?
Masanobu Ido has written: 'Varieties of capitalism, types of democracy and globalization' -- subject(s): Globalization, Democracy, Capitalism
How is capitalism seen in a democracy?
There are a multiplicity of views in a democracy as concerns capitalism that range from the laissez-faire extremists and libertarians on the positive side to the communists and pietists on the negative side. Being in a democracy does not limit or direct a person to have one view of capitalism as opposed to another.
How is democracy capitalism different from communist capitalism?
There is no such thing as "communist capitalism" but if you mean the state capitalism of say China today and if by "democracy capitalism" you mean liberal democratic countries, the economic systems are essentially the same. China simply has a much more oppressive political system, from the point of view of the workers and peasants in China anyway.
Why is democracy important to buying product in the US?
Democracy has nothing to do with capitalism, which is the economic system in the US. It would be capitalism that would be important to buying products. While democracy does not hinder economic growth, it does not help it either.
How do capitalism and democracy go hand in hand?
They dont or have not at this time as there is stil no such thing as Capitalism. In a capitalistic society there is no need for represetative democracy as this only interferes with market forces.
What are the major rules of American politics?
Democracy, constitutionalism and capitalism.
What has the author Ellen Meiksins Wood written?
Ellen Meiksins Wood has written: 'Democracy against capitalism' -- subject(s): Marxian economics, Democracy, Historical materialism, Capitalism 'Empire of Capital'
Is capitalism necessay for a successful democracy?
no, democracy would be more inclusive and representative under a socialist system More to the point, democracy is a political theory/system, while capitalism is an economic system/theory. They are not directly connected in any way to each other.
Is Democracy and capitalism are mutually reinforcing or exclusive?
They are independent of each other. A democracy votes on what laws and rules regulate the populations behavior. Capitalism allows people to do as they wish and reap the rewards of their risk and labor. You can have a Democracy that dies not allow freedom to generate wealth if that is voted in. China has a very Socialist system that has more Capitalism in it then the United States does today.
What is another name for capitalism?
democracy, competition, commercialism, free market, industrialism
Are the three national goals of democracy and capitalism and communalism are highlighted in your constitution?
yes
