The American Way of Life is fundamentally organized around several dominant frameworks, including mixed capitalism and a representative government. In order to understand the choices individuals make in our culture - how we are able to live - we have to be able to understand these dominant frameworks.
The framework of capitalism is extremely important for both the actual physical structures of our society, what we do all day, and for our ideology - what we think, what we desire, what we fear, what we believe. What is the dominant understanding of capitalism - the kind you'd get from someone who took an economics class in high school or as a freshperson at college? Introductory courses to capitalism describe it as an economic system based on private ownership of wealth, free enterprise in a market system devoted to profit, and the ...
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