Why Capitalism Does (Not) WorkBOOKSReviews the book `The Mystery of Capital,' by Hernando de Soto.Alende, Andres HernandezLatin Trade
If the majority of the population are not psychopaths, why does capitalism work and not communism? Why is free market capitalism so effective at allocating resources? Why is a strong middle class essential to the prosperity of the US economy?
Capitalism is a form of economic structure where the all the economic activities are owned and controlled by the private sector. Private sectors are...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
to figure out ways to make us all work more. In order to achieve this, jobs have had to be created that are, effectively, pointless. Huge swathes of people, in Europe and North America in particular, spend their entire working lives performing tasks they secretly believe do not really need...
As such returns to capital are as unique to capitalism as unemployment is. This means that a farmer who works their own land receives a labour income when they sell the crop while one who hires labourers to work the land will receives a non-labour income, profit. Hence the difference ...
Why does "(smart) devolution" matter? from the "right to the city" to the "right to decide" This section discusses the need to consider devolution as a constitutive element of the politics of the urban age in Western nation-states. We present the hypothesis that the "right to decide" ...
The last four chapters have provided systematic reasons and empirical evidence for the thesis that socialism as a social system that is not thoroughly based on the “natural theory of property” (the first-use-first-own rule) which characterizes capitalism must necessarily be, and in fact is, ...
Even slaves own their labor, because they, and any person, can choose not to work. Even if the consequences are grave, someone can choose to die rather than work. This is why economists cannot categorize economic systems by labor, from capitalism to market socialism to centrally planned econom...
How superior can this seventh wonder of capitalism be? Is Loro Piana’s T-shirt really 32,536% better than Next’s Basic Crew Neck, currently yours for just £5.50? We grizzly frugalists may scoff – but we face a similar face-off whenever we’re tempted by smooth marketing sirens wh...
CNN:Your new book, “What Went Wrong With Capitalism,” is a really fascinating look at how capitalism has become increasingly distorted over the past 100 years or so, especially in the United States. But before we look at the current issues, I’d love to talk about the good times. So...