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Capitalism is an economic system based on the private ownership of the means of production. This is generally taken to imply the moral permissibility of profit, free trade, capital accumulation, voluntary exchange, wage labor, etc.
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 January 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 ...
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.
A defining feature of capitalism is the dependency on wage-labor for a large segment of the population; specifically, the working class, that is a segment of the proletariat, which does not own means of production (type of capital) and are compelled to sell to the owners of the means of production their labour power in order to produce and thus ...
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The Origin of Capitalism is a 1999 book on history and political economy, specifically the history of capitalism, by the political theorist Ellen Meiksins Wood, written from the perspective of political Marxism.
Werner Sombart (/ ˈ v ɜːr n ər ˈ z ɒ m b ɑːr t /; German: [ˈzɔmbaʁt]; 19 January 1863 – 18 May 1941) was a German economist, historian and sociologist.Head of the "Youngest Historical School," he was one of the leading Continental European social scientists during the first quarter of the 20th century.
In an article titled "Why Gen Z is Turning to Socialism," Vice made an observation about why Democratic Socialist Bernie Sanders was so successful in unifying so many Gen Zers across so many...