The Death of Political Capitalism

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We also notice based on Weber’s statement that the more religious the people became, the lesser was their inclination to political capitalism and the greater was their tendency to embrace market capitalism. In today’s debate, libertarians commonly understand political capitalism as related to statism in the forms of interventionism or crony-capitalism. So following Weber’s line of thought, we could say that the greater the commitment of the people to faith communities, the less statist they become and the more they are inclined to free market.

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