Capitalism is the greatest instrument we have ever devised to generate wealth and alleviate human suffering. Markets and individual liberty tend to accompany one another in the long term (thought markets and democracy perhaps do not – another subject). The creative power of Capitalism hinges on th...
Value and profit are not the driving factors, like capitalism. Instead,income gets distributed according to need. In capitalism, people associate private ownership with the wealthy elite. Thus, the government will seize private property and levy taxes to close the income gap. Taxes will go to we...
along with more socialist anarchists like Proudhon and Bakunin proclaimed themselves“socialists.”They did so because at that time "socialism" meant simplyoppostion to corporatism. "Capitalism" was a pejorative, and meant "corporatism" back then, too. Thus, today's modern anarcho-capitalism would...
Known as the father of modern Capitalism, Adam Smith was a Scottish economist and a radical thinker. His theories developed much of the Capitalist economy. He fought for the free market, and his ideas remain relevant. “No society can surely be flourishing and happy of which the far greater...
Capitalism was supposed to be work done adds value to a product. They're not doing any work, hence not adding value to a product. They are just serving to deprive the stock of tickets so they can price set, which is purely exploitation that is why this should be stopped. By anon...
Of course, that point was taken too far. The whole liquidation theory came into play in 1929 with the Great Depression. We’ve gone to the other extreme, which in turn prevents new talent and companies from emerging. How is the right balance of ‘mixed’...
What was the purpose of the Communist International Organization? What were the Khmer Rouge prosecuted for? What do the Zapatistas stand for? What does Tet Offensive stand for? What ended the Cambodian genocide? In simple terms, what are communism and capitalism?
Before thefinancial crisis and Great Recession of 2007–08, the Federal Reserve Bank of St. Louis found that the saving rate for a typical American household was 2.9%. By 2011, that rate had risen to 5%, even as interest rates fell. ...
The political economy which was born with Adam Smith no longer offers us the possibility of understanding the reality which is being constructed before our eyes - namely the value, wealth and complexity of the world economic system ? and it also does not enable us to deal with the challenges...
Capitalism is a relatively new type of social arrangement for producing goods in an economy. It arose largely along with the advent of theIndustrial Revolution, some time in the late 17th century.5Before capitalism, other systems of production and social organization were prevalent. Feudalism and t...