Since the economy is comprised of individuals who act and behave according to their best interest, their collective behavior generates economic waves through expectation and changes in market supply and demand. Economic growth occurs when aggregate output is rising and job opportunities are created and...
Rentier Capitalism: Who Owns the Economy, and Who Pays for It?No abstract is available for this item.Eric Sheppard
GC – Was it at your intention to create endofcapitalism.com to educate your viewers to improve the current state of our economy under capitalism? AK – I created the website The End of Capitalism in 2006, after I had written my Master’s Thesis on the subject at Lehigh University. My...
Both were gifted writers and thinkers who were distinctly unorthodox in their approach, notably their scepticism about 20th-century managerial society and bureaucratic forms of capitalism. Then there were the divergences. At its inception in 1955 Burnham joined National Review, the principal organ of ...
It pays to be open to willing customers and workers who could enrich your company no matter what religion or race. ... It doesn't mean that every person will be colorblind. There will always be idiots. But in capitalism, it's costly to be an idiot." He reminds us that in the Jim...
Private property promotes efficiency by giving the owner of resources an incentive to maximize the value of their property. The more valuable a resource is, the more trading power it provides the owner. In a capitalist system, the person who owns the property is entitled to any value associated...
Many new high-tech jobs are being created at the upper-skill, low-paying service (57) . Something like a caste line is emerging centered around knowledge. Individuals who fall too far behind in the (58) of knowledge at a young age will find it almost impossible to catch up later, no ...
Individuals who fall too far behind in the___18___of knowledge at a young age will find it almost impossible to catch up later, no matter how hard they try. Illiteracy in the English language has been a severe___19___for many years in the United States, but we are also moving to...
Capitalist society is made up of two classes: the bourgeoisie, or business owners, who control themeans of production, and the proletariat, or workers, whose labor transforms rawcommoditiesinto goods that have market value. Ordinary laborers, who do not own the means of production, such as fact...
Critics counter that free market capitalism promotes inequality, concentrating and keeping power in the hands of a minority, who then exploit the majority. This side of the debate states that it prioritizes individual profit above the wider society’s well-being, dividing people into haves and ...