Yes, government does play a role in capitalism; it always has. Adam Smith wrote that the role of government was to insure the playing field was level for all 'domestic' entrepreneurs. In the realm of international ventures, the government was to insure 'domestic' entrepreneurs were protected against 'unfair business' ventures from other nations. Originally Posted by I B HankeringWho decides 'fair'? That is the rush to power. Who ever gains it, gets to decide it. So you have the powerful deciding what is fair for the less powerful. It works the same way in any society...it is all a matter of degree's.
Please help Olivia out here I B. She is having a dinger of a time!
They are having trouble with this..."The trouble with socialism is socialism. The trouble with capitalism is capitalists."