Who defended Capitalism?

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2026-07-15 12:10

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Capitalism has been defended by various economists and philosophers, most notably Adam Smith, whose work "The Wealth of Nations" laid the groundwork for classical economics. Additionally, figures like Friedrich Hayek and Milton Friedman have championed capitalism for its ability to promote individual freedom and economic efficiency. They argue that free markets foster innovation, competition, and consumer choice, leading to overall societal prosperity.

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