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The Role Of Free Market Capitalism In The United States

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I believe that the United States’ version of free market capitalism experienced right now is ethical. The foundation of our capitalist system is based upon Adam Smith’s formulation believing that a successful economic system relies on freedom and competition in both product and labor markets. The mechanism of a free market operates on supply and demand philosophy where competition creates more goods and services.
An ethical capitalism relies on freedom and liberty where individuals pursue their self-interest, yet at the same time respect the interest of the others. Therefore, the availability of opportunities creates the environment for marketing of a product. While I consider that our capitalist system is, overall ethical with many great organizations

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