He Who Has The Bigger

F. A. Hayek Is Probably The Most Prominent Advocate Of Capitalism In The Present Period.

Capitalism Has Been One Of The Most Dynamic Forces In Human History, Transforming One Society After Another, And Today It Has Become Established As An International System Determining The Economic Fate Of Most Of Mankind.

When Certain Branches Of The Economy Become Obsolete, As In The Case Of The Steel Industry, Not Only Do Jobs Disappear, Which Is Obviously A Terrible Social Hardship, But Certain Cultures Also Disappear.

If A Socialist Economy Is Opened Up To Increasing Degrees Of Market Forces, A Point Will Be Reached At Which Democratic Governance Becomes A Possibility.

But We Don't Have An Example Of A Democratic Society Existing In A Socialist Economy - Which Is The Only Real Alternative To Capitalism In The Modern World.