"Managed capitalism ensures economic growth. Flawless democracy ensures social progress. Together managed capitalism and flawless democracy help accelerate economic development."
Managed capitalism is a paradigm outlining how to maximize economic growth. It is nothing more than a neutral guideline. It is nothing less than a neutral guideline. It is nothing but a neutral guideline. It says if the market is allowed to function freely, it would maximize production and profits. It is concerned solely with economic growth. It is not concerned about how the benefits of economic growth are distributed. It is not concerned with what portion of economic growth should be given as wages to raise people’s standard of living. It is not concerned with what portion of economic growth should be earmarked as funds for social progress to improve people’s quality of life. It is not concerned with what portion of economic growth should be given as profits to enrich business owners and managers.