Islands on hawaii on S.economy. Here stems some of the confusion surrounding Jefferson and capitalism. In the 20th century, the three broad paradigms of dealing with economic inequality had emerged.
Socialists advocated government ownership; social democrats (known as liberals in the United States) wanted the welfare state and power sharing between capital, government, and labor; and classical liberals (known as conservatives in the United States) wanted personal freedom and responsibility in a free-market context.
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However, such 20th century concepts do not necessarily directly correlate with the economic systems of Jefferson's time. Moreover, Jefferson's prolific writing career is often contradicted by his actions in life.
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