Democratic capitalism

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Democratic capitalism, is an economic system that combines capitalism and a strong welfare state curbing the excesses of individual freedom. The coexistence of capitalism and democracy, particularly in Europe, was supported by the creation of the modern welfare state in the post-war period which enabled a relatively stable political atmosphere and widespread support for social democracy as opposed to Soviet communism.[1]

See also[edit]

Notes[edit]

  1. ^ Muller, Jerry Z. (March 2013). "Capitalism and Inequality". Foreign Affairs.

References[edit]

  • Benne, Robert (1981), The Ethic of Democratic Capitalism: A Moral Reassessment, Philadelphia: Fortress Press, ISBN 0-8006-1445-3
  • J. Michael Miller, ed. (1996), The Encyclicals of John Paul II, Huntington: Our Sunday Visitor
  • Prindle, David (2006), The Paradox of Democratic Capitalism: Politics and Economics in American Thought, Baltimore, MD: The Johns Hopkins University Press, ISBN 0-8018-8411-X