ercame the economic downfall of inflation. The United States also promoted individual competition and initiative, and allowed all people the freedom to participate as they wished in the economy. The USSR, on the other hand, contained large amounts of government intervention in the economy, had difficulties dealing with their economic crisis, and did bot promote individual freedom and competition.While Adam Smith, the creator of the idea of true capitalism felt that a successful economy was one with no government intervention at all, it has been demonstrated that a small amount of government involvement in an economy can be beneficial. For example, when the Unites States of America experienced high inflation rates, the aid of the government was needed to help restore the economy. Without that help, a large depression could have resulted. By involving the government very subtly in an economy, as demonstrated in the previous example, large economic disasters can be avoided.Although the idea of true capitalism involves the concept of no government involvement, it is almost impossible to create a society in which government does not participate in the economy at all. To this day, there exists no example of a country that contains an economy entirely free from government intervention. Without some regulation, an economy could collapse. The most capitalistic nation today is the Unites States of America. There, people compete with one another to produce the best goods and to receive maximum profits. Consumers have the freedom to choose what to buy, and private businesses can do what they feel they need to do be successful. Only the strongest workers and the most competitive corporations succeed. It is a nation in which the strong survive, and there is some government support for those who have difficulty competing. With little involvement, it is possible for everyone to have the opportunity to work their hardest for the best rewards. It is also...
