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The prevailing economic philosophy of colonial America advocated markets free of government intervention and regulation giving rise to slavery, child labor, prostitution, class warfare etc.
The prevailing economic philosophy of colonial America advocated markets free of government intervention and regulation giving rise to slavery, child labor, prostitution, class warfare etc. Physiocrats championed the principles of economic liberalism arguing for free markets where natural economic forces such as supply and demand hold sway over consumptive and productive processes and trends. Thus permitting each generation to go forth free to pursue their economic self interest at will. Many Americans confuse capitalism and democratic principles of government. One is an economic institution the other a political. Traditionally Americans have associated the ability to pursue their own economic self interest in the market place as the primary measure of their freedom. Do you advocate free market capitalism? Defend your
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