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Smith discussed these ideas , which formed the basis for industrial capitalism , in his book The Wealth of Nations , which was published in 1776 , the same year that the Declaration of Independence was written . Representative government and capitalism developed together in the United States , and many Americans tend to equate democracy , a political system in which people govern themselves , with capitalism . In theory , a democratic government promotes individualism and the freedom to act as one chooses instead of being controlled , for good or bad , by government . Capitalism , in turn , relies on individualism . At the same time , successful capitalists prefer political systems over which they can exert at least some influence in order to maintain their liberty .
Please check all the words that can be used instead of the target word in the same context. Note that the morphology of the target (third person singular, past tense etc.) is considered to be applied to the candidate automatically in the process of paraphrasing.