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Capitalism requires states in order to function
| Capitalism requires states in order to function | |
|---|---|
| Subjects | |
| Capitalism |
Government |
| Linking arguments | |
| Capitalism is exploitative Capitalism is beneficial Governments should perform certain functions It is possible for economies to be free of market distortions
| |
- Note: For the purposes of this argument, the word capitalism refers to the profit-driven mode of organization that most societies have implemented to some degree over the last century.
Supporting arguments
Property rights are a necessary feature of modern capitalism. These rights can only be enforced by the state. [1]
- Related argument: States are necessary to enforce rights.
Limited Liabiility is a feature of modern corporations, which are integral to modern society. Without limited liability, corporations could not exist, which would have negative outcomes for society. [2]
Capitalism causes business cycles of booms and busts, which requires government regulations to ameliorate. [3]
- Related argument: Business cycles are caused by central banking.
Capitalism causes state interventionism, and the two are inherently linked. [4]
- Related argument: Capitalism leads inevitably to state intervention.
Capitalism requires stable countries to flourish, and governments are necessary to ensure the security and freedom that allows commerce to thrive. [5]
- Related argument: A free market in security is more effective than state-run security.
Businesses can not prosper without a state to enforce laws. There is no way to accomplish this through any way other than states. [6]
- Related argument: A free market in security is more effective than state-run security.
Capitalism exacerbates wealth inequality, requiring states in order to keep the lower classes from causing civil unrest. [7]
Capitalism requires the rule of law, which can only be created and enforced by a state. Without state regulation and law enforcement, businesses would act unfairly towards each other, therefore inhibiting competition and resulting in poor outcomes. [8]
Bankruptcy protection protects people and businesses from risk, and therefore increases capitalist entrepeneurship and innovation, which results in positive benefits for society. [9]
States provide a stable money supply, which results in a more stable economic system and positive results for society. These effects could not be achieved without a state. [10]
Many modern industries rely on government enforcement of copyright and patent laws, which would not exist without states. These laws result in positive outcomes for society. [11]
Capitalism requires a stable banking system, which can only be achieved by government regulation of the financial sector. [12]
Corporations are chartered by governments. Therefore, without governments, there would be no corporations, which are an integral part of modern economic systems. [13]
Only states can implement free trade treaties between countries. These agreements have positive effects on society. [16]
