The question is, does responsible,
free enterprise capitalism provide sufficient equality of opportunity?
Not exact matches
My personal belief is that democratic,
free enterprise capitalism can
provide a higher standard of living and more freedom than the socialist alternatives and can still be responsible in
providing for those who are unable to
provide for themselves.
There are two principal types of socialism: «full socialism» in which the state owns all (or the vast majority) of business and industry and controls production and marketing decisions through central planning; and «partial socialism», in which the state owns major businesses deemed to be essential to the national good, and / or subsidizes certain industries to save them from the impact of competition, and
provides certain goods and services deemed to be essential at reduced or no cost, but still allows major sectors of the economy to operate as
free enterprise capitalism.