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A 2020 poll shows that a majority (63%) of Americans support a nationalized healthcare system. [5] A re-nationalization occurs when state-owned assets are privatized and later nationalized again, often when a different political party or faction is in power. A re-nationalization process may also be called "reverse privatization".
Educational capital refers to educational goods that are converted into commodities to be bought, sold, withheld, traded, consumed, and profited from in the educational system. Educational capital can be utilized to produce or reproduce inequality, and it can also serve as a leveling mechanism that fosters social justice and equal opportunity.
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).
The system that emerged in the 1930s in the Soviet Union was based on state ownership of the means of production and centralized planning, along with bureaucratic workplace management by state officials that were ultimately subordinate to the all-encompassing communist party. Rather than the producers controlling and managing production, the ...
Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law. [1]
The system co-existed alongside the world capitalist system but was founded upon the principles of cooperation and mutual assistance rather than upon competition and rivalry. The countries involved aimed to even-out the level of economic development and to play an equal part in the international division of labour.
Jun.11 -- Goldman Sachs Asset Management Co-Head of Fundamental Equity Katie Koch says that the pressure to raise wages could lead to a redistribution cycle from capital to labor.
However, the same reasoning (given by both schools) behind the basic capital proposal is the redistribution of wealth usually funded by an inheritance tax in order to provide a universal and unconditional sum of money (or capital assets) at the age of majority. From most authors, the intention was to create a nominal grant for everyone based on ...