5.1 What Is Capitalism?

1. In what way is capitalism as a social system much more than a free market economic system? Answer
2. Why is capitalism the only social system that fully recognizes that you are in control? Answer
3. What does capitalism say about your treatment of other people? Answer
4. How do we interact with others in a capitalist social system? Answer
5. Why is “laissez-faire” a redundant qualifier of capitalism? Answer
6. Illustrate where capitalism fits on the morally Right to Wrong spectrum? Answer
7. Why doesn’t capitalism come in degrees like statism? Answer
8. Why is it challenging to envision what a capitalist social system looks like in practice? Answer
9. What is the example today the comes closest to describing capitalism in action? Answer
10. In what way did the the fruits of the semi-capitalist information and digital technology sector significantly lessened the hardships during the COVID-19 pandemic? Answer
11. Give some examples from the book of why information and digital revolutions have not been completely unaffected by welfare statism. Can you think of some other examples? Answer

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