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Capitalism is an economic system based on the private ownership of the ... There are many variants of capitalism in existence that differ according to country and ...
A state-capitalist country is one where the government controls the economy and essentially acts as a single huge corporation, extracting surplus value from the workforce in order to invest it in further production. [2] This designation applies regardless of the political aims of the state, even if the state is nominally socialist. [3]
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.
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...
Authoritarian capitalism, [1] or illiberal capitalism, [2] is an economic system in which a capitalist market economy exists alongside an authoritarian government.Related to and overlapping with state capitalism, a system in which the state undertakes commercial activity, authoritarian capitalism combines private property and the functioning of market forces with restrictions on dissent ...
The capitalist state is the state, its functions and the form of organization it takes within capitalist socioeconomic systems. [1] This concept is often used interchangeably with the concept of the modern state. Despite their common functions, there are many recognized differences in sociological characteristics among capitalist states. [2]
Because a sovereign state is a different entity from the political party that governs that state at any given time, a country may be ruled by a socialist party without the country itself claiming to be socialist or the socialist party being written into the constitution. This has occurred in both one-party and multi-party political systems.
The Rise of Welfare Capitalism From the last two decades of the 19th century to the start of World War II, "welfare capitalism" was part of this country's economic landscape. There was never a ...