What roll does government play in capitalism

The proper role of government in a capitalist economic system has been hotly debated for centuries. Unlike socialism, communism or fascism, capitalism does not assume a role for a coercive, centralized public authority.

In capitalism, the government acts as an ‘invisible hand’ like Adam Smith, a capitalist advocated says. Basically, the government stays out of ALL economic affairs in capitalism, instead they provide institutions such as schools and roads for their people. A capitalist economy is run by the people, not by the government.

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question - in the 1900s there were two competing views about the environment that often pitted industrialist and conservationist against one another. how were these two competing views demonstrated by the environmental policies of president roosevelt and president taft?

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