that boul - The Economic System Americans judge the...

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The Economic System Americans judge the economic system using many of the same standards by which they judge the political system, albeit with some very important differences. As it is in American politics, liberty is important in the U.S. economy. Thus Americans support the idea of a frce-enterprise economic system, calling the na- tion's economy "generally fair and efficient" and deny- ing that it "survives by keeping the poor down."'0 However, there are limits to how much freedom they think should exist in the marketplace. People support government regulation of business in order to keep some firms from becoming too powerful and to cor- rect specific abuses. Americans are more willing to tolerate economic inequality than political inequality. They believe in maintaining "equality of opportunity in the econ- omy but not "equality of results." If everyone has an equal opportunity to get ahead, then it is all right for people with more ability to earn higher salaries and
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