Discuss individualism. Explain the key positions of the philosophy, it roots, and its role in the modern economy.
What will be an ideal response?
Answer: Individualism is the philosophy that an individual should have freedom in his or her economic and political pursuits. Individualism stresses that the interests of the individual should take precedence over the interests of the state. Individualism can be traced from ancient Greek philosopher Aristotle. He argued that individual diversity and private ownership are desirable. Individualism was reborn as an influential political philosophy in the Protestant trading nations of England and the Netherlands during the sixteenth century. The United States practices individualism and championed against the collectivist Soviet Union during the Cold War. Individualism is built on 2 central tenets. The first is an emphasis on the importance of guaranteeing individual freedom and self-expression. The second is that the welfare of society is best served by letting people pursue their own economic self-interest, as opposed to some collective body dictating what is in society's best interest.
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Investment banks form syndicates to reduce the risk involved in selling new securities
Indicate whether the statement is true or false