Synonyms Free enterprise economies ; Free market economies Introduction Capitalism can be described, in simple terms, as a social system of production and distribution , dominated by markets . There are three important parts to this description. First, capitalism is a social system (not a natural,...
Well, some anti-capitalists might disagree. In the case of powerful authoritarian governments, they seize the fruits of your labor. They tax you. They take your property. Finally, they either hoard or distribute it as they deem fair. In that scenario, you are a subject, not a citizen. C...
So now we are in the middle of a world-wide crisis caused by a virus. The internet has allowed millions of workers to “work from home.” Many of these Gig workers had been allowed some latitude in working from home but for many of the new Internet workers it was a new and pleasant...
Germany was able to overtake France in terms of its level of economic development as early as 1870, and by the end of the 19th century it was approaching the level of Great Britain. In the East, capitalism developed most fully in Japan, where, as in the Western European countries, it ar...
as work increasingly involved employment in bureaucratic organizations, and as larger amounts of capital were required to open a business, moral deficiencies no longer provided a plausible explanation for failure. Increasingly, explanations were couched in terms of innate intellectual deficiencies [39]. ...
(with some exceptions) did not want to have. So, they responded in a simple way – by whittling away the grief exception. With each new edition of the manual they reduced the period of grief that you were allowed before being labelled mentally ill – down to a few months and then, ...
However, Weber saw the fulfillment of the Protestant ethic not in Lutheranism, which he dismissed as a rather servile religion, but in Calvinistic forms of Christianity. The "paradox" Weber found was, in simple terms: • According to the new Protestant religions, an individual was religiously...
In the simplest terms, the [Triple Bottom Line] agenda focuses corporations not just on the economic value that they add, but also on the environmental and social value that they add — or destroy. With its dependence on seven closely linked revolutions, the sustainable capitalism transition...
Capitalist societies also generally have higher standards of living compared to their non-capitalist counterparts in terms of per capita GDP, education, healthcare, and poverty rates.China, for instance, has been growing extremely prosperous since it began opening its economy to capitalism in the 198...
What is Marxism in simple terms? Marxism is the current of philosophical, economic, sociological and political ideas that sprang from the work of Karl Marx: especially the radical critique of capitalism and the advancement of scientific socialism. What are the main economic ideas of Karl Marx? Ka...