the other hand, many contemporary studies have postulated that capitalism is in the forefront of human progress that spawned, among other things, health conditions improvement, technological and scientific advancements, greater social equality and economic freedom (Baumol, 2007; Mackey & Sisodia, 2014; Rull, 2011). Capitalism has surely come a long way in its transformation from the basic notion of free-enterprise, which regularly viewed natural resources and the environment as an inexhaustible…
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