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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;
His analysis of capital flight and the rise of mammoth cartels later influenced Vladimir Lenin in his book Imperialism: The Highest Stage of Capitalism, which has become a basis for the Marxist analysis of imperialism. Contemporary World-Systems theorist Immanuel Wallerstein perhaps addresses better Hobson's counter-arguments without degrading ...
Class and labor are, for the Capitalocene thesis, metabolic relations through which capitalism shapes environments, and is shaped by webs of life. This critique of Man versus Nature thinking allows the Capitalocene thesis to move beyond theory, and reconstruct a history of the origins of planetary crisis rooted in imperialism, class struggle ...
Key parameters of debate include: the extent to which capitalism is natural, versus the extent to which it arises from specific historical circumstances; whether its origins lie in towns and trade or in rural property relations; the role of class conflict; the role of the state; the extent to which capitalism is a distinctively European ...
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'It's a Wonderful Life' is a Christmas staple. It also articulates a compassionate vision for how America could be.
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 ...
The book suggests that these seven things must be cheap to sustain the capitalist system. Cheapness is then defined as 'a set of strategies to manage relations between capitalism and the web of life', meaning its value is established by social or cultural relationships that maintain the cost lower than what should actually be worth.