Democratic capitalism is a system based on three components which are:

1. Free enterprise that is, freedom to own your own businesses and farms and freedom to keep the profits.

2. A freely elected government that has internal checks and balances.

3. Moral, Ethical, and Spiritual values that are part of the very fabric of the country and the business system.

Question

Go through the three components of democratic capitalism and picture an economy without each one. What happens to freedom, fairness, and moral and ethical behavior? Which part of the system seems the weakest today? What can be done about it?