HOW CAPITALISM WAS SAVED AND WHY SOCIALISM FAILED/Trpe Gruevski
In this paper, we ask the following question: why couldn't Early Modern China make the leap to capitalism, as we have come to know it in the West? We suggest that, even if China compared well with the West in key economic features - commercialization and commodificat...
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But in the past capitalism was even less fair than it is today, and those who wielded that wealth also wasted it. You see rent-seeking from workers or slaves, opulence for personal benefit, and wars of dominance to take from other groups in a zero-sum transaction. The evolution of ...
“The markets, predictably, were overjoyed,” from the first passage I quoted. Note how the statement is dripping with sarcasm. You’d think it was uttered by someone like Paul Krugman. But no, it wasForbesmagazine, the self-styled “capitalist tool.” With friends likeForbescapitalism ...
Martin Wolf: why rigged capitalism is damaging liberal democracy Economies are not delivering for most citizens because of weak competition, feeble productivity growth and tax loopholes Martin Wolf: why rigged capitalism is damaging liberal democracyonx(opens in a new window) ...
The EY-Parthenon team summarizes how organizations and individuals are driving the shift toward sustainability, describing the five pillars that comprise an effective sustainability strategy and how the Long-Term Value Framework can guide towards a winning sustainability strategy. Overall, those that choose...
Wecyclers has agreed on a set of targets for its new wave of operations, including the volume of waste processed, worker pay levels and the number of jobs created. Its progress will be assessed by third-party analysts. If Wecyclers hits all the targets, then its partner Unilever — which...
In 2003, Jamie Johnson, the son of billionaires and one of the heirs to the Johnson & Johnson fortune, produced a documentary about what it was like to grow up in the United States as a child of billionaires, where one has so much inherited wealth, that
Karl Marx wroteThe Communist Manifestoin 1848 andDas Kapitalbetween 1867 and 1894. In the latter, he expounded the idea that human societies progress through class struggle and that capitalism created internal tensions, which would lead to its own destruction. Nineteenth-century financial panics were...