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In America’s first 200 odd years of economic history, right up until the 1970s, America ran a significant budget deficit only in major wars or depressions.
We could witness the demise of capitalism in the U.S. in 2024 — according to the latest series of ‘Outrageous Predictions’ published by Danish investment bank Saxo. This bold call — not an ...
Not even socialist Bernie Sanders could have unfurled a more exhaustive vilification of the market economy than Marco Rubio did in his recent Catholic University speech defending “common-good ...
Benjamin adds that the time will come when this question can be addressed. [5] [6] The author identifies three characteristics of capitalism as a religion. First, capitalism is a "pure religion of the cult," probably the most radical religion that has ever existed.
Capitalist realism is inherently anti-utopian, as it holds that no matter the flaws or externalities, capitalism is the only possible means of operation. Neoliberalism conversely glorifies capitalism by portraying it as providing the means necessary to pursue and achieve near-utopian socioeconomic conditions.
The term "late capitalism" was first used by the German social scientist Werner Sombart in a 1928 publication [12] after he had completed his three-volume magnum opus Der Moderne Kapitalismus ["Modern Capitalism"], which was published from 1902 through 1927 (only the first volume of Sombart's Modern capitalism has been translated into English so far. [13]
Global capitalism is near death, which is why the world needs a new economic system, according to Iranian President Mahmoud Ahmadinejad. The Iranian leader made the declaration in a speech Tuesday ...
Towards this end, he suggests that the power of "the government’s role as the issuer of currency" could be utilized to bring the economy back into balance with the natural world while at the same time reducing economic inequality by providing high quality universal basic services, implementing the rapid development of renewable energy ...