ABSTRACT

The scientific revolution was to be linked with an economic system that could turn inventions to profit and technologies to world domination. With this revolution in consciousness, understanding the world was without reference to a God and was reconstructed according to the laws of physics, chemistry, biology, and mathematics. The Greek and also Roman systems, despite democratic components, were founded on slavery, a military system, and, for some periods, a dictatorship. The emerging social and economic structures were revolutionary in their impact. New transport systems revolutionised industrialising economies. Such economies, despite enormous achievements and progress, did not possess the essential freedoms for capitalism to develop. Capitalism, of all the economic systems known to mankind, is the most creative and destructive. Capitalism has raised to unprecedented heights the standard of living of increasing parts of the world's expanding population.