DEMOCRACY AND FREE MARKET ECONOMY

America bequeathed liberal democracy to the world which was a tremendous improvement over the form of democracy Britain gave the world. The ideas of equality before the law, rule of law, universal human right, freedom and complete free market economy flowed from that legacy. Thus, in both the political and economic spheres, men of revolutionary ideas like Thomas Jefferson and his colleagues gave new thinking to the world. 

It’s no accident that their country became the greatest and richest country in the World through these revolutionary ideas. Oh, how awesome is the power of ideas.