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History, 09.10.2020 23:01 makenahbriana

The single greatest benefit that capitalism provides is that it enables human choice. Capitalism establishes a social contract that makes it possible for individuals to exercise their franchise and free agency. It gives people the ability to be secure in themselves and their possessions and, having provided security, it enables people to assume risk that they were previously unwilling to assume. It creates the necessary conditions for people to escape poverty and create wealth for themselves and for others. –“Teaching the Benefits of Capitalism,” Roger B. Butters In the passage, the author uses the phrase “franchise and free agency” to refer to the role of government in determining security. the right to decide what economic opportunities to pursue. the role of government in helping people escape poverty. the right to ignore government laws and regulations.

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