more from David Conway

Single Idea 22253

[catalogued under 25. Society / D. Political Doctrines / 11. Capitalism]

Full Idea

There are three types of capitalism: 1) the market - private ownership, labor contracts and profit, 2) limited government - the state provides goods the market cannot do, 3) limited government with democracy - with political freedom and elections.

Gist of Idea

Capitalism is just the market, with optional limited government, and perhaps democracy


David Conway (Capitalism and Community [1996], II)

Book Reference

'The Communitarian Challenge to Liberalism', ed/tr. Paul,E., Miller,F. /Paul,J. [CUP 1996], p.138

A Reaction

[compressed] I would have thought that capitalism is compatible with a fair degree of workplace democracy, which would make a fourth type.