A question about our society in terms of it's economy?

Question

The United States has long been put forward as the model of a capitalist society. Discuss the values and beliefs that have led people in the United States to cherish a laissez-faire, capitalist economy. To what degree have those values changed over the past 100 years? What aspects of socialism are now evident in the nation's economy? Have our values and beliefs changed to support certain principles traditionally associated with socialist societies?

Answer 1

I'm not an economic student, but my two cents is that supply side economics favors private businesses and the liberal  "tax and spend" favors the socialist government.

Answer 2

Oow.  My head hurts from your question.

Answer 3

Well, the most important of these beliefs is the misperception that capitalism is laissez-faire. Capitalism is not laissez-faire, it depends on state intervention to support specific monopolies and oligopolies.

In the late 19th century, these included direct subsidies to the railroad industry, as well as the "four monopolies:" money, land, tariffs, and patents.

In the 20th century, direct subsidies have grown more important, and border controls have focused on stopping people instead of stopping goods. Copymight, which does not involve any right, has been expanded, and made more powerful than patents.