A capitalist system is often described as "backed by the coercive powers of the state." This reflects the idea that while capitalism promotes free markets and competition, it is also supported and regulated by government institutions to enforce laws, property rights, and contracts. However, the other descriptors you listed can also reflect certain critiques or perceptions about capitalism, depending on one's perspective.
A capitalist system is __________.
feared
chaotic
tyrannical
backed by the coercive powers of the state
1 answer
1 answer