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Democracy vs. capitalism.

The American Enterprise

| March 01, 2002 | Mueller, John | COPYRIGHT 2002 The American Enterprise, a national magazine of politics, business and culture (TEAmag.com). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Democracy and free-market capitalism seem to suffer from image problems--opposite ones, as it happens. Capitalism is much better than its image; Democracy has turned out to be much worse.

Although capitalism is generally given credit, even by its detractors, for generating wealth and stimulating economic growth, it is commonly maligned for its seeming celebration of greed. But actually, capitalism tends to reward business behavior that is honest, fair, civil, and compassionate. And it inspires a form of risk-taking behavior that can often be characterized as heroic.

Meanwhile, democracy is often presented in an idealized manner: citizens participating on ...

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Source: HighBeam Research, Democracy vs. capitalism.

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