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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).
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.
Socialism Becomes Attractive When Capitalism Is Cruel The last minimum wage increase happened in 2009 when it was raised to its current rate of $7.25 an hour, the longest period of stagnancy since ...
From a non-Marxist, market socialist perspective, the clearest benefit of social ownership is an equalization of the distribution of property income, eliminating the vast disparities in wealth that arise from private ownership under capitalism.
In reference to Western European economic models as championed by conservatives (Christian democrats), liberals (social liberals), and socialists (social democrats – social democracy was created as a combination of socialism and liberal democracy) [12] as part of the post-war consensus, [13] a mixed economy is in practice a form of capitalism ...
Capitalism 1.0 during the 19th century entailed largely unregulated markets with a minimal role for the state (aside from national defense, and protecting property rights); Capitalism 2.0 during the post-World War II years entailed Keynesianism, a substantial role for the state in regulating markets, and strong welfare states;
The major difference between capitalism and this form of market socialism involves the distribution of property income: the property return generated by publicly owned corporations would belong to the population as a whole as opposed to accruing to a minority of private owners and shareholders, thereby eliminating the class distinction between ...
Some believe capitalism can "go green" (producing in an environmentally friendly way), and that capitalism is "cleaner" than Soviet-type socialism. Others think that capitalism cannot "go green" because of the nature of the beast; so long as human accounting is done in terms of private costs and private profits, many "external effects ...