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Edit Capitalism in decline or on the rise? Citing the ideal of a free market, many consider an economy with lower taxes, smaller government and fewer regulations to be more capitalistic. A limit on freedom of individuals to reap a disproportionate amount of wealth would dampen incentive. The Unbound Prometheus: Technological Change and Industrial Development in Western Europe from 1750 to the Present. All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out.