Roots of capitalism have been debated by economists and social critics during and since the end of the industrial revolution. Capitalism is an economic system that allows consumers to determine which products to buy or sell while allowing firms to take full control of the business and production. Karl Marx and Adam Smith, highly known economic philosophers, challenged and supported the role of capitalism in the nineteenth century. Later, during the twentieth century, Robert Heilbroner introduced the traditional theory of capitalism where he identifies a division between ‘two realms of capitalism’. In his book, Twenty-First Century Capitalism, Heilbroner identifies the two realms of capitalism as “economic” and “political” and deliberates that