Free Economy, Free Society

Paper Summary:

The paper discusses the relationship between capitalism and democracy as one which has sparked heated debate in many quarters. The paper explains that most notably, it is often asked whether or not the former actually contributes to the advancement and spread of the latter. The paper examines this ongoing debate and suggests that while economic freedom is very important, it does not necessarily follow that a free economy will lead to a free society. The paper points out that in fact, there are countries in our midst such as China which have liberalized their economic policies in recent years while still engaging in authoritarianism and political suppression.

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