Democracy and capitalism belong to different socio-economic fields, as democracy is political while capitalism relates to the nation’s economy. Still, the concepts are inevitably linked as American capitalism includes a concentration of private and corporate wealth, which is promoted and enriched by the legislations of the current political parties. Since the two parties are not as fundamentally different due to a similar role of money as their basis, the democracy of the United States similarly represents groups of privileged, wealthy people. The critical difference lies in the ideal focus of the two concepts, as capitalism aims to profit a single person or group, while democratic values are based on the general social welfare.
Democracy and capitalism are often treated as being the same. Are they really equal types of systems? Explain their differences and similarities.
Cite this page
References
Academic.Tips. (2023) 'Democracy and capitalism are often treated as being the same. Are they really equal types of systems? Explain their differences and similarities'. 12 February.
Reference
Academic.Tips. (2023, February 12). Democracy and capitalism are often treated as being the same. Are they really equal types of systems? Explain their differences and similarities. https://academic.tips/question/democracy-and-capitalism-are-often-treated-as-being-the-same-are-they-really-equal-types-of-systems-explain-their-differences-and-similarities/
References
Academic.Tips. 2023. "Democracy and capitalism are often treated as being the same. Are they really equal types of systems? Explain their differences and similarities." February 12, 2023. https://academic.tips/question/democracy-and-capitalism-are-often-treated-as-being-the-same-are-they-really-equal-types-of-systems-explain-their-differences-and-similarities/.
1. Academic.Tips. "Democracy and capitalism are often treated as being the same. Are they really equal types of systems? Explain their differences and similarities." February 12, 2023. https://academic.tips/question/democracy-and-capitalism-are-often-treated-as-being-the-same-are-they-really-equal-types-of-systems-explain-their-differences-and-similarities/.
Bibliography
Academic.Tips. "Democracy and capitalism are often treated as being the same. Are they really equal types of systems? Explain their differences and similarities." February 12, 2023. https://academic.tips/question/democracy-and-capitalism-are-often-treated-as-being-the-same-are-they-really-equal-types-of-systems-explain-their-differences-and-similarities/.
Work Cited
"Democracy and capitalism are often treated as being the same. Are they really equal types of systems? Explain their differences and similarities." Academic.Tips, 12 Feb. 2023, academic.tips/question/democracy-and-capitalism-are-often-treated-as-being-the-same-are-they-really-equal-types-of-systems-explain-their-differences-and-similarities/.