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Image: How Capitalism Works

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First Buzzed By: starexplorer

How Capitalism Works

Submitted: Mar 31, 2008 - The essence of capitalism is economic freedom and the belief that widespread personal wealth will lead to societal well-being. But does anyone even practice true capitalism these days?

For a lot of us, the real thrust of economics is our checking account balance. But recent events like the Enron debacle, the proposed privatization of Social Security and the subprime mortgage disaster have…

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