Read the following passage and answer the items that follow. Your answers to these items should be based on the passage only.
Many nations now place their faith in capitalism and governments choose it as the strategy to create wealth for their people. The spectacular economic growth seen in Brazil, China and India after the liberalization of their economies is proof of its enormous potential and success. However, the global banking crisis and the economic recession have left many bewildered. The debates tend to focus on free market operations and forces, their efficiency and their ability for self-correction. Issues of justice, integrity and honesty are rarely elaborated to highlight the failure of the global banking system. The apologists of the system continue to justify the success of capitalism and argue that the recent crisis was a blip. Their arguments betray an ideological bias with the assumptions that an unregulated market is fair and competent, and that the exercise of private greed will be in the larger public interest. Few recognize the bidirectional relationship between capitalism and greed: that each reinforces the other Surely, a more honest conceptualization of the conflicts of interest among the rich and powerful players who have benefited from the system, their biases and ideology is needed; the focus on the wealth creation should also highlight the resultant gross inequity. The apologists of the ‘Free Market System’, according to the passage, believe in:
The passage explicitly states that the arguments of the apologists "betray an ideological bias with the assumptions that an unregulated market is fair and competent". An "unregulated market" directly implies a market operating without control by government authorities. Therefore, the belief in a market free from government control is a fundamental aspect of their ideology as described in the passage.