An important distinction

The United States does not have a capitalist government; it has a capitalist economy. The democratic-republic government is about running the country; the economy is about moving goods and services and making a profit.

Both have much to learn from each other. The government can learn lessons about being lean and mean from successful businesses. Businesses – and consumers – benefit from sensible public regulation that ensures everything is safe and on the level.

At the same time, however, government should not be a private, for-profit entity, and neither should the business sector run…

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Tags: capitalism, america

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