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.
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]
During his presidency, Mexico it was clear that some land reform needed to be carried out. Agrarian reform was a revolutionary goal for land redistribution as part of a process of nationalization and "Mexicanization". Land distribution began almost immediately and affected both foreign and large domestic land owners (hacendados). The process ...
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 ...
Transfer payments to (persons) as a percent of federal revenue in the United States Transfer payments to (persons + business) in the United States. In macroeconomics and finance, a transfer payment (also called a government transfer or simply fiscal transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return ...
Inequality in land and income ownership is negatively correlated with subsequent economic growth. A strong demand for redistribution may occur in societies where a large section of the population does not have access to the productive resources of the economy. Voters may internalize such issues. [26]
However, the geography of finance is now gaining individual focus, especially as the link between the financial economy and the real economy is losing strength. [11] This is emphasized by the existence of economic bubbles and the fact that the value of financial transactions is often multiple times larger than the real economy.
Money is like fertilizer, not good except it be spread." [58] The rise of Communism as a political movement has partially been attributed to the distribution of wealth under capitalism in which a few lived in luxury while the masses lived in extreme poverty or deprivation.