Search results
Results from the WOW.Com Content Network
Nationalization may produce other effects, such as reducing competition in the marketplace, which in turn reduces incentives to innovation and maintains high prices. In the short run, nationalization can provide a larger revenue stream for government but may cause that industry to falter depending on the motivations of the nationalizing party.
Bähre argued that redistribution is a central mechanism in capitalist economies. In South Africa, many find themselves in a post-Fordist economy that is characterised by redistribution through the state (development aid, welfare), through markets (for example commercial insurance) and through religious institutions (neo-Pentecostal churches). [4]
The phrase is sometimes related to the term class warfare, where the redistribution is alleged to counteract harm caused by high-income earners and the wealthy through means such as unfairness and discrimination. [4] Redistribution tax policy should not be confused with predistribution policies. "Predistribution" is the idea that the state ...
In March 1933, Long offered a series of bills collectively known as "the Long plan" for the redistribution of wealth. The first bill proposed a new progressive tax code designed to cap personal fortunes at $100 million ($2.372 billion in 2024 dollars). Fortunes above $1 million ($23.72 million in 2024) would be taxed at 1%; fortunes above $2 ...
The Denationalisation of Money is a 1976 book by Friedrich Hayek. [1] The author advocated the establishment of competitively issued private moneys. [2] In 1978 Hayek published a revised and enlarged edition entitled Denationalisation of Money: The Argument Refined, where he speculated that rather than entertaining an unmanageable number of currencies, markets would converge on one or only a ...
The Mexican nationalization proved that although it was possible to accomplish nationalization, it came at the cost of isolation from the international industry, which was dominated by the major companies at the time. The Iranian nationalization also failed due to the lack of cooperation with international oil companies. These two incidences ...
Socialization of the ownership of the means of production is different from nationalization, which can, but usually does not imply the socialization of the workplace. In a capitalist economy, socialization is limited because the socialized enterprise continues to operate in a commodity economy under the capitalist laws of motion. [ 5 ]
A palace economy or redistribution economy [1] is a system of economic organization in which a substantial share of the wealth flows into the control of a centralized administration, the palace, and out from there to the general population.