Put in the simplest terms, capitalism is democracy applied to an economy. One has an idea, which one shares with interested parties. Those parties display their interest and commitment to the idea in the form of purchasing a part of the risk and a part of the reward of the venture. They become capital investors who “own” a share of the venture and form a “corporation” of like investors. A board of representatives of the shareholders is “elected” and are answerable to the shareholders ever after. The person behind the venture has to hammer out the details of the project, and hire a pool of
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