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This is an accepted version of this page This is the latest accepted revision, reviewed on 21 February 2025. Economic system based on private ownership This article is about an economic system. For other uses, see Capitalism (disambiguation). "Capitalist" redirects here. For other uses, see Capitalist (disambiguation). Part of a series on Capitalism Concepts Austerity Business Business cycle ...
An alternate definition is that state capitalism is a close relationship between the government and private capitalism such as one in which the private capitalists produce for a guaranteed market. An example of this would be the military–industrial complex in which autonomous entrepreneurial firms produce for lucrative government contracts ...
Corporatocracy [a] or corpocracy is an economic, political and judicial system controlled or influenced by business corporations or corporate interests. [1] The concept has been used in explanations of bank bailouts, excessive pay for CEOs, and the exploitation of national treasuries, people, and natural resources. [2]
“Most countries, including America, are mixed economies that have elements of socialism — unemployment benefits, minimum wage, Social Security, etc. — and capitalism — private property ...
Ayn Rand defined capitalism as a social system based on the recognition of individual rights, including property rights, in which all property is privately owned, and called it the unknown ideal. [1] Robert LeFevre , an American libertarian and primary theorist of autarchism , defined capitalism as savings and capital —in essence—as savings ...
Capitalism in America: A History is a 2018 book written by former chairman of the Federal Reserve Alan Greenspan and Adrian Wooldridge, political editor at The Economist. [note 1] The book traces the economic history of the United States since its founding and the authors argue that America's embrace of capitalism and creative destruction has given the nation's economy a superior edge.
House Speaker Nancy Pelosi said "our economic system" has helped some people thrive from the "exploitation" of workers and the environment. Nancy Pelosi rips into capitalism, saying it 'has not ...
This is differentiated from more contemporary notions of state capture by specific business interests for the benefit of those specific businesses and not the ruling class or capitalist system as a whole, which is variously referred to as crony capitalism or corporatocracy. [5]