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Finance capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. In their critique of capitalism, Marxism and Leninism both emphasise the role of finance capital as the determining and ruling-class interest in capitalist society, particularly in the latter stages. [148] [149]
Economic nationalism or nationalist economics is an ideology that prioritizes state intervention in the economy, including policies like domestic control and the use of tariffs and restrictions on labor, goods, and capital movement. [1] The core belief of economic nationalism is that the economy should serve nationalist goals. [2]
State capitalism is an economic system in which the state undertakes business and commercial (i.e., for-profit) economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor).
Capitalism’s rationale to proponents and critics alike has long been recognized to be its dynamism, that is, its innovations and, more subtly, its selectiveness in the innovations it tries out.
Trade freedom vs. trade equity: free trade (businesses should be able trade across borders without regulations) vs. fair trade (international trade should be regulated on behalf of social justice). Diversity: multiculturalism (the nation should represent a diversity of cultural ideas) vs. assimilationism or nationalism (the nation should ...
Nationalism is an idea or movement that holds that the nation should be congruent with the state. [1] [2] As a movement, it presupposes the existence [3] and tends to promote the interests of a particular nation, [4] especially with the aim of gaining and maintaining its sovereignty (self-governance) over its perceived homeland to create a ...
Capitalism vs. Socialism: Free Market vs. Government Distribution. The primary difference between socialism and capitalism is the role of government. In socialist economies, a central body — the ...
Corporatism is a political system of interest representation and policymaking whereby corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, come together and negotiate contracts or policy (collective bargaining) on the basis of their common interests.