Search results
Results from the WOW.Com Content Network
Economists distinguish between nationalization and socialization, which refers to the process of restructuring the economic framework, organizational structure, and institutions of an economy on a socialist basis. By contrast, nationalization does not necessarily imply social ownership and the restructuring of the economic system.
The goal of social ownership is to eliminate the distinction between the class of private owners who are the recipients of passive property income and workers who are the recipients of labor income (wages, salaries and commissions), so that the surplus product (or economic profits in the case of market socialism) belong either to society as a ...
The 19th century German economist, Gustav von Schmoller, defined welfare capitalism as government provision for the welfare of workers and the public via social legislation. [ citation needed ] Western Europe, Australia, and New Zealand are regions noted for their welfare state provisions, though other countries have publicly financed universal ...
Banks may be able to support progress toward sustainability by society as a whole—for example, by adopting a 'carrot-and-stick' approach, where environmental and social front-runners would pay less interest than the market price for borrowing capital, while environmental laggards would pay a much higher interest rate.
The Bank Nationalisation Case, also called Bank of New South Wales v Commonwealth (1948) 76 CLR 1, is a 1948 decision of the High Court of Australia (upheld on appeal to the Privy Council) that invalidated Chifley government legislation that attempted to nationalise the private banking sector.
Flickr source Though banks have never exactly had a sterling silver reputation, the widespread bank failures that occurred during the Great Depression cost thousands of people their life savings.
Sex workers are at risk of homelessness and destitution because their bank accounts are being frozen due to their work, the Sex Worker’s Union has warned.. Campaigners said the freezing of bank ...
Recapitalisations of the other two banks mentioned were expected by the end of March 2009 but, according to Taoiseach Brian Cowen, were expected to be finalised in early February 2009 at a total of €7 billion. [4] The nationalisation of Anglo Irish Bank on 21 January 2009 followed two more resignations earlier that month.