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Now the remarkable fact is not how much the government does to control economic activity-tariff legislation, pure-food laws, utility and railroad regulations, minimum-wage regulations, fair-labor-practive acts, social security, price ceilings and floors, public works, national defense, national and local taxation, police protection and judicial redress, zoning ordinances, municipal water or ...
Capitalist Realism: Is There No Alternative? is a 2009 book by British philosopher Mark Fisher.It explores Fisher's concept of "capitalist realism", which he describes as "the widespread sense that not only is capitalism the only viable political and economic system, but also that it is now impossible even to imagine a coherent alternative to it."
For the end of economy is not the physical augmentation of goods but always the fullest possible satisfaction of human needs. Trades people contribute no less to the attainment of this end than persons who were, for a long time, and from a very one-sided point of view, exclusively called productive. ” — Carl Menger (1840 – 1921)
Regulation of banking became thoroughgoing; after 1913, the Federal reserve system was set up to serve as a central bank, aiding and controlling member commercial banks; and since 1933 most bank deposits have been insured by the Federal Deposit Insurance Corporation or in the case of Federal saving banks, by the Federal Savings and Loan ...
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.
Though the terms "capitalism" and "socialism" are still generally used to describe the past and the future forms of society, they conceal rather than elucidate the nature of the transition through which we are passing.
The extension of universal adult male suffrage in 19th century Britain occurred along with the development of industrial capitalism, and democracy became widespread at the same time as capitalism. Research on the democratic peace theory further indicates that capitalist democracies rarely make war with one another and have little internal violence.
Public and political interest began shifting away from the so-called collectivist concerns of Keynes's managed capitalism to a focus on individual choice, called "remarketized capitalism". [78] The end of the Cold War and the dissolution of the Soviet Union allowed for capitalism to become a truly global system in a way not seen since before ...