Capitalism, Politics, and Social Change: A Concise Analysis
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Capitalism, Politics, and Social Change
The core of capitalist leadership, including the U.S., Europe, and Japan, extended to Latin America, Africa, and Oceania at the political level. Democratic systems were implanted in most countries, based on the recognition of individual freedoms, the division of power, and political pluralism.
Economically, a capitalist economy based on private property and free markets prevailed. Differences existed in the degree of intervention, favoring societies based on class and wealth.
Political Situation
Governments in Western countries leaned towards the center-right (liberal and Christian democratic) and center-left (social democratic).
Years of Growth
A period of elevated growth was based on:
- Advance advisory and