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“Capitalism, free trade and freedom are linked,” said Michael Rossman, the co-founder of the business banking app MachFast, as well as an entrepreneur and banker with an MBA from the ...
An economic ideology is a set of views forming the basis of an ideology on how the economy should run. It differentiates itself from economic theory in being normative rather than just explanatory in its approach, whereas the aim of economic theories is to create accurate explanatory models to describe how an economy currently functions.
Socialism for the rich and capitalism for the poor" is a classical political-economic argument asserting that, in advanced capitalist societies, state policies assure that more resources flow to the rich than to the poor, for example in the form of transfer payments.
Although laissez-faire has been commonly associated with capitalism and anarcho-capitalists advocate such a system, there is a similar left-wing or socialist laissez-faire [218] [219] system called free-market anarchism, also referred to as free-market anti-capitalism and free-market socialism to distinguish it from laissez-faire capitalism.
Furthermore, some distributists argue that state capitalism and state socialism are the logical conclusion of capitalism as capitalism's concentrated powers eventually capture the state. [14] [15] Thomas Storck argues: "Both socialism and capitalism are products of the European Enlightenment and are thus modernising and anti-traditional forces ...
Socialism – range of economic and social systems characterised by social ownership of the means of production and workers' self-management [10] as well as the political theories and movements associated with them.
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