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Capitalism may even be identical with the restraint, or at least a rational tempering, of this irrational impulse. But capitalism is identical with the pursuit of profit, and forever renewed profit, by means of continuous, rational, capitalistic enterprise. For it must be so: in a wholly capitalistic order of society, an individual capitalistic ...
Capitalism may even be identical with the restraint, or at least a rational tempering, of this irrational impulse. But capitalism is identical with the pursuit of profit, and forever renewed profit, by means of continuous, rational, capitalistic enterprise. For it must be so: in a wholly capitalistic order of society, an individual capitalistic ...
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 ...
Capitalism has long been heralded by many economists as the best economic system around, rewarding — and therefore encouraging — competition and innovation, creating wealth, stimulating growth ...
It's an inconvenient truth, to borrow a quote from Al Gore, but it's one that investors should heed, if they seek a U.S. economy capable of sustainable GDP growth and an investment stance that's ...
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Perhaps nineteenth-century America came as close as any economy ever has to that state of laissez faire which Carlyle called "anarchy plus the constable." The result was a century of rapid material progress and an environment of individual freedom.
— In short: There is no end to the systemic and ecologically harmful growth dynamics in modern capitalism, radical critics assert. Fully aware of the massive growth dynamics of capitalism, Herman Daly on his part poses the rhetorical question whether his concept of a steady-state economy is essentially capitalistic or socialistic. He provides ...