capitalism Facts, information, pictures | Encyclopedia.com articles about capitalism - 0 views
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Yet capitalism cannot function if violence is too great or if it is continuous.
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There must be substantial pauses between wars and revolutions. Government must be able to prevent mob violence. The typical entrepreneur of early capitalism, unlike the feudal lord, was unwarlike by temperament and motivated by the search for profit. Bourgeois civilization, compared with the forms of social organization that preceded it or with the totalitarian forms that now compete with it, has remained inherently peaceable, rationalistic, and materialistic.
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The enforcement of commercial contracts by the state and the extension and protection of property rights—all essential to the development of capitalism—required a strong government. The process of saving, investment, risk-taking, and profit-making flourished best, however, when the powers of the state were restricted so that their exercise would not be arbitrary
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