Democratic Capitalism and Individual Liberty 201 Essay

Democratic Capitalism and Individual Liberty 201 - Essay ExampleThomas Paine in Common Sense argued North America was a natural manufactory where laying out money to build a navy was paramount because it would treasure commerce (Paine 36). Thus, free trade and individualization go hand in hand with each other moreover when businesses are not allowed to fail, the result is socialism.When Alexis de Tocqueville toured the U. S. in the 1830s he was impressed with Americans industriousness. However, de Tocqueville also saw problems of having slaves as part of a southern workforce. The white Ohioan, as de Tocqueville put it, is obliged to exist by his bear exertions while the Kentuckian scorns . . . labour and lives in an idle independence (Casper & Davies 117). As the nation grew, laws, such as the abolition of slavery in 1865 and the Sherman Anti-Trust Act in 1892, promoted individualism and fair play in business.The recent government bailout did not promote individualism and goes di rectly against Smiths 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