The Interdependence of Capitalism and Democracy

The argument presented emphasizes that capitalism and democracy must coexist for either to thrive, suggesting that their relationship is mutually reinforcing. Historical examples illustrate how societies with both structures have achieved higher levels of prosperity and happiness, creating environments where citizens enjoy greater freedoms. The discussion highlights the critique of capitalist systems that lack democratic governance, arguing that without political inclusion, economic growth may stall or regress. This perspective challenges the idea that capitalism alone is enough to foster societal well-being, asserting that democracy plays a critical role in securing the benefits of a capitalist economy.