The concept of liberal democracy encompasses liberal and democratic values like limited government, individual rights, the rule of law, political equality, as well as the democratic process as a whole. ... Unfortunately, for Branco his underlying argument that capitalism leads to corruption is easily refuted because liberal democracies simply create laws to prevent this type of corruption and since the rule of law applies to all citizens these people are held accountable for any laws they break in spite of how much wealth or power they may have. ... For capitalism, individual rights and the...

• Word Count: 1285
• Approx Pages: 5
• Has Bibliography
• Grade Level: Graduate

A Reflection Paper on Argentina's Economic Crisis With Argentina mired in its largest economic crisis in history, a proposed devaluation of the currency that for 10 years has been Latin America's strongest was given an approval by the Argentine Congress allowing the government to sharply devalue the currency in the midst of a deepening economic crisis due to the default on its $142 billion national debt which ended the country's 11 years old peg of the peso to the US dollar. ... An exchange rate of one-to-one with the dollar had been fixed by the law and every peso from the ...

• Word Count: 506
• Approx Pages: 2
• Has Bibliography
• Grade Level: Graduate

Governments developed incorporation laws to cover capitalist loses and finance capitalist investments with public funds. ... By the end of the nineteenth century most governments outlawed trusts and cartels, but some monopolistic strategies continued into the twentieth century. ... This was because British entrepreneurs and government officials realized their head start and forbade the export of machinery, manufacturing techniques, and skilled workers to other lands. However, this monopoly did not last as ambitious entrepreneurs ignored government regulations and sold machinery and technical k...

• Word Count: 1625
• Approx Pages: 7
• Has Bibliography
• Grade Level: Graduate