Nobody downloaded yet

Democratic Capitalism & Individual Liberty - Admission/Application Essay Example

Comments (0) Cite this document
In this political context, the majorities’ interests are given priority for deliberation during legislative processes. The objective of republicanism within a state’s governing institutions is to promote the concept of individual liberty in the social, political and economic aspects of the population. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.6% of users find it useful
Democratic Capitalism & Individual Liberty
Read TextPreview

Extract of sample
"Democratic Capitalism & Individual Liberty"

Download file to see previous pages The republican administrative system has devised mechanisms and meant to address the aspect of liberty in each aspect mentioned above. Republican principles have been applied extensively within the economic aspect through elements like capitalism and free market in the society (Rauchut 204).
The political system of any society has direct influence on the economic activities practiced by the society’s members. In this context, the principles and philosophies of republicanism directly influences the economic activities of the American population. The concept of individual liberties in the context of economy may be referred as democratic capitalism. Individual liberties are practical in achieving economic equality in any nation. The republican form of government plays a great role in co-coordinating all the systems and legislative principles that facilitate the establishment of a capitalistic environment. In its efforts, this form of government seeks to modify and restructure its systems to establish favorable legislations pertaining commerce, finance and the nation’s social development associations. Legislation of the relevant regulations by republicanism has ensured the existence harmony between the production and consumption elements of economy within the American society. The society is able to produce as much as they wish and the consumers can purchase whatever suits their interests at whatever time they prefer. The attainment of this state of economic liberty within the society has been facilitated and protected by republicanism (Rauchut 209). Democratic system of governance advocates the aspect of division and distribution of state powers to all the stakeholders. On characteristics of this principle of dividing and distributing power is seen in the three levels of government. Each of these levels handles all the issues which fall within the scope of its existence. In the context of democratic capitalism, the legislative level of government is concerned with the restructuring and regulation of laws that facilitates and protects the existence of a free market state. On the other hand, the judicial level of the same government will ensure all the legislations relating to commerce and economy stipulated by the legislature are followed to the later (Rauchut 212). Among the laws characterizing a free market environment includes the elements of ethics and industrial safety. Every economic enterprise within a state is charged with the responsibility of conducting its business practices in a fair and ethical manner. Every firm should apply the business technique of competition in a manner that meets the required standards and conforms to the stipulated rules. In addition to ethical practices, a business entity in a free market state should stick to the principle of product and service quality and safety. An enterprise on any one industry should not exploit the aspect of free market in a manner that can endanger the lives of the consumer population. Therefore, government regulations should be used to provide directions to private enterprises and ensure fair business practices between the consumers and the producers in a America’s economy (Rauchut 217). The involvement of the government in aspects relating to the establishment of a capitalistic society and a free market environment may present negative consequences at some point. Democratic societies blend ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Democratic Capitalism & Individual Liberty Admission/Application Essay”, n.d.)
Retrieved from
(Democratic Capitalism & Individual Liberty Admission/Application Essay)
“Democratic Capitalism & Individual Liberty Admission/Application Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
... percent in seventeen of the twenty three annually. Therefore, the economic hard times in the United States should be blame on poor political and economic policies instead of discarding the use democratic system to consummate Capitalism, the government should adjust policies that would enable them apply capitalism to their advantage. Work Cited Ingham G. Capitalism. New York: Polity, 2008. Print... Capitalism The United s plunged into an economic crisis in 2008 and 2009. This situation escalated, and it became an irresistible opportunity for the United States to pronounce the failure of the type of capitalism that had emerged towards the end of the twentieth century. The French President, Nicolas Sarkozy...
3 Pages(750 words)Essay
...the availability or inadequacy of economic power or hindrance by other parties of the individual from the same (Judt, 2011). Liberal is a label that can be respectable and displays less than it conceals. According to Tonny Judit, a liberal is someone who is not in agreement with interference of others affairs, one who tolerates attitudes that may be considered dissenting and unacceptable behavior. Historically, liberals have always been ambassadors, championing for individuals freedom to live freely and as they choose. Liberty does not exist on its own, but it is rooted in inspiring principles, which are interdependent. These principles are collectively referred, as...
4 Pages(1000 words)Essay
Democratic Capitalism and Morality
...Democratic Capitalism and Morality Morality is a social concept used to define the boundary that exists between right andwrong. Moral values identify the evil deeds from the good deeds in the society. The principles of morality are applicable in providing directions and standards of behavioral conducts of the society’s members. In the economic environment, the aspect of morality highlights the ethical and the unfavorable economic practices taking place among the members of a population. The concept of morality finds more application in a capitalistic economic environment because of the freedoms that accompany this economic system. Some people term a capitalistic environment as an immoral economic system...
4 Pages(1000 words)Admission/Application Essay
...In many ways it is easy to interpret the philosophy of positive liberty as a critique of negative liberty - which is as it was formulated. Negative liberty, as it is often characterized by liberalism and those who support this interpretation of freedom, is generally the notion that freedom - which is most commonly recognized as a political ideal to aspire to - is a quality that should be maximized by the individual, and that any system of government is morally obligated to impinge upon this freedom as little as possible or not at all. Positive freedom-based theories point out a very obvious weakness of this position; namely, that one of the activities that most often...
12 Pages(3000 words)Essay
Democratic Capitalism and Individual Liberty 201
... in business. The recent government bailout did not promote individualism and goes directly against Smith’s idea that when regulations are “completely taken away, the obvious and simple system of natural liberty establishes itself of its own accord” (Burton & Dworkin 145). Allowing business to fail is the natural order of supply and demand. When businesses are not allowed to fail, but propped up with a supply of government money, the system is no longer individualistic but socialistic.... month year Individualism in Business Adam Smith published his theory on economics in 1776, the same year the British Colonies in North America declared its independence from Britain. Under British rule, the colonies operated under...
1 Pages(250 words)Essay
...The industrial revolution marked the era when humanity began to mass produce goods. This important era in business history occurred due to the influence of capitalism. “The factory system implemented during the industrialization allowed for work to be done at a much more efficient rate than before, and it wasnt long before the factory system was put into effect in the other industries” (McKinney, 2008). Capitalism enabled many entrepreneurs to build factories that generated thousands for jobs. The steam engine was one of the major innovations of the era. Karl Max was a revolutionist during the industrial revolution. He was a socialist that had very peculiar views about capitalism....
1 Pages(250 words)Essay
...Liberty Liberty is a key political and moral principal in the discipline of history, which aims at identifying theways in which human beings govern and control themselves, so as to behave in accordance to their own will by taking responsibility for their own actions. According to feudal societies, liberty is described as an area of allodial land where the rights of the monarchy or ruler are waved. Socialists in liberal sense and in progressive approach defined liberty as a connection to equal wealth distributon.The concept liberty has been conceptualized differently by different scholars, who articulate the individual relationship to...
2 Pages(500 words)Essay
...The Actual Meaning of Liberty Since long time ago, liberty has been one of the most significant aspects protecting rights and freedom of all citizen of any given citizen across the world. Due to this fact, all governments across the world have been doing all their best to ensure that they protect liberty of their citizens under all costs. Liberty refers to the state of a free person, exemption from subjection to the will of another claiming ownership of an individual or service; it is freedom opposed to slavery, bondage, subjection or serfdom (The Emma Goldman Papers 1). Due to the fact that liberty is a term that started to be used by...
2 Pages(500 words)Essay
...Capitalism Introduction The invention of capitalism started in the middle ages in Western Europe. Netherlands became thefirst capitalist country. Capitalism involves trading, technology and resources like land. Trader’s invention led to insurance and introduction of retirement funds. Accumulation of capital in the past years was through scale variety, different methods and wealth concentration (Pyke, 2011). Socialists condemn and reject the development of capitalisms. Adams Smith, who was a Scottish philosopher, introduced this new model of reality because of a number of reasons. Why Adam Smith created whole new model of reality and his similarity to...
1 Pages(250 words)Essay
...Capitalism Capitalism refers to a social and political system whereby production and distribution of goods is owned by asmall fraction of the society, who are known as the capitalist class, and the other group referred to as the working class must work in order to get a means of livelihood (World Socialist Movement). In this form of government, the working class is under the control of the capitalist class as they are supposed to work and produce goods which will be sold by the capitalist class at a profit (Knight). This means that the rich will accrue wealth by exploiting the majority population, and they will achieve this by encouraging people to work in order to get money to earn a livelihood. The...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Admission/Application Essay on topic Democratic Capitalism & Individual Liberty for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us