Capitalism is an essential part of democracy. However, in the European Union (including Britain) there is a strong belief that Capitalism should be tempered because left to its own devices (as demonstrated by the Iron Lady (Margaret Thatcher), the Conservative Prime Minister in the 1980s, when unleashed Capitalism on its own leads to greed by the rich and wealthy at the expense of the less well-off and the poor.
That’s why (like all major political Socialist parties in the EU) I’m a democratic ‘Socialist’ e.g. a strong belief in democracy and also recognising the importance of Capitalism and the role it plays in society; but at the same time seeing the need to temper the greed and selfishness of big corporations and the wealthy so the ordinary working people (who do the work to produce the goods and services) are not down trodden and abused by greedy businessmen.
A prime example of how this works in the EU is the EU's Working Time Directive (2003/88/EC) which requires all 28 EU member countries to guarantee the following rights for all workers:
• A limit to weekly working hours, which must not exceed 48 hours on average, including any overtime (in practice the average working week for most people in the EU is usually 35 hours to 37 hours).
• A minimum daily rest period of 11 consecutive hours in every 24.
• A rest break during working hours if the worker is on duty for longer than 6 hours (in the UK it’s a minimum of 30 minutes after 5 hours, under British law which dates back to the late Victorian era).
• A minimum weekly rest period of 24 uninterrupted hours for each 7-day period, in addition to the 11 hours' daily rest.
• Paid annual leave of at least 4 weeks per year (in practice, in the EU most people get up to 6 weeks paid annual leave per year, plus public and bank holidays).
• Extra protection for night work.
And as from September 2015 the European Supreme Court (European Court of Justice) ruled that time taken to travel to and from work should count as work for the purpose of the EU’s Working Time Directive. This ruling applies to workers who don’t have a fixed office e.g. gas fitters, electricians, social workers, plumbers, sales reps etc.