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It isn't capitalism that prevents abuse of power by the wealthy. It's liberal democracy, and human rights enshrined in laws that are enforced.
by pcrh 9y ago
It isn't capitalism that prevents abuse of power by the wealthy. It's liberal democracy, and human rights enshrined in laws that are enforced.
- nine_k 9y agoFreedom of trade and property rights are hard to separate from other liberal freedoms and rights. Capitalism sort of follows.
- pcrh 9y agoBut you can have capitalism without free trade, or even many rights at all. Liberal freedoms and rights tend to favor capitalism as an economic system, but not the other way around.