Democratic Capitalism

Democratic Capitalism

The social system that best meets the needs of human beings is democratic capitalism.

Democracy is a system of government. This fom of government best suites the needs of human beings as every one has the right to vote for their leader. With the leader(s) who recieves the majority of the votes is elected leader of there country. This is the best system of government as anyone can stand to be elected, which results in the people leading the country being chosen by the majority of that country. There decisions should then reflect that of societies.

All human beings have the same basic core needs. The late American Psychologist, Abraham Maslow, divided the human’s needs into five groups. These groups are physiological needs, safety needs, social needs, esteem needs, and self-actualization needs. The diagram below shows these needs. Maslow’s theory states that when humans first satisfy their physoligcal needs they then work they way up the prymaid as they keep satisfying their needs. In this report we will be concerned will all of these needs. Democratic Capitalism is the best social system that meets the needs of human beings. It satsifies all of Maslow’s needs if the person is willing to work.


“Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. Under capitalism the state is separated from economics (production and trade), just like the state is separated from religion. Capitalism is the system of laissez faire. It is the system of political freedom” (http://www.capitalism.org/faq/capitalism.htm).

One of the great supporters of democratic capitalism is an American social philosopher, Michael Novak. Novak believes democratic capitalism is the best social system as no other social system, such as democraitc socialism, can match capitalism by its “productivity, wealth, and rising...

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