3.1.1.1: Democratic Capitalism
If you recall, to "study politics is to "study power – who gets what, and how". Since politics is about the distribution of resources in a society, studying economics is critical. Some of the most contentious political questions involve questions of economics: How much should wealthy citizens pay in taxes? How much should lower-income citizens pay in taxes? Where should those tax dollars go? What is fair, and what is not fair? In this chapter, will read about "democratic capitalism", which is the United States' answer to some of these questions of how resources should be distributed in a society. Pay close attention to the "three pillars" of a democratic capitalist political-economic system.