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Word Count: 3,308
capitalism From the very dawn of intelligent human interaction to the present day the concept of capitalism has dominated the way we trade goods and acquire wealth Except for the necessity of a simple communist society in pre-modern times or the noble humanistic notion of a socialist society the free market has always been the most efficient way to run the economy once the most basic needs of life have been satisfied Only during the last several hundred years has the idea of a modern democracy been developed and applied through the modern state These two concepts are thought by some to be interrelated but contemporary critics of the liberal form of democracy seek to separate the two notions of capitalism and democracy However when examining the evidence of the relation of the two let us not use the altered conceptions or versions of these terms but rather analyse them by their base meanings as we have come to understand them After this analysis of the terms and a resulting stipulation of what their base meanings are critics may say that any further analysis of the relationship between the two terms would be tainted by their supposed definitions The problem with this is that without a common frame of reference between the two no comparison would be logically possible without considering an infinite range of possible meanings With this technical matter aside the analysis will continue with an investigation into arguments both for and against the separation of the two terms and then an evaluation of the true nature of capitalismrsquos relationship with democracy Specifically the free market economy dictating the actions of any democratic regime After this task of evaluation is complete the argument will conclude with illustrating how capitalism will actually lead to a more liberal form of democracy The first step of this investigation is to make some attempt to achieve a common frame of reference between the two terms
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