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Topic: Capitalism



  
 Capitalism - Wikipedia, the free encyclopedia
Capitalism is commonly understood to mean an economic or socioeconomic system in which the means of production are predominantly privately owned and operated for profit, often through the employment of labour.
In capitalism, profit is necessary for economic growth, with the growth being a function of the amount of profit reinvested rather than consumed.
Capitalism also contrasts with corporatism, where private businesses work more closely with the government in an ostensible attempt to serve the interests of the nation.
http://en.wikipedia.org/wiki/Capitalism   (6036 words)

  
 Anarchism and capitalism - encyclopedia article about Anarchism and capitalism.
In practice, this surplus is used by the owners of capital for: (a) investment (b) to pay themselves dividends on their stock, if any; (c) to pay for rent and interest payments; and (d) to pay their executives and managers (who are sometimes identical with the owners themselves) much higher salaries than workers; (e) taxes.
Capitalism, being an antimarket force, sets agendas dictated by large enterprises and the wealthy; since it is a hierarchy-creating and maintaining system, anarchists find it objectionable.
It is this appropriation of wealth from the worker by the owner which differentiates capitalism from the simple commodity production of artisan and peasant economies.
http://encyclopedia.thefreedictionary.com/Anarchism+and+capitalism   (4361 words)

  
 MSN Encarta - Capitalism
Unlike the capitalism of Adam Smith, the fundamental focus of mercantilism was on the self-interest of the sovereign (that is, the state), and not the self-interest of the individual owners of economic resources.
Capitalism, economic system in which private individuals and business firms carry on the production and exchange of goods and services through a complex network of prices and markets.
A key element in capitalism is the undertaking of activity in the expectation that it will yield gain in the future.
http://encarta.msn.com/encyclopedia_761576596/Capitalism.html   (1160 words)

  
 IRSP: Capitalism
But the greater the accumulation of capital, the more profit is required to finance investment in capital expansion.
Such enlarged concentration of capital requires the creation of larger and larger firms, from the point of view of capital value.
To survive, Capitalism must accumulate more and more profit to invest in ever larger scale production, the reason being to bring in more profit.
http://www.irsm.org/history/capitalism.html   (1833 words)

  
 Capitalism, by Robert Hessen: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Beginning with the Sherman Act (1890), Congress enacted antitrust laws that were often used to suppress cost cutting and price slashing, based on acceptance of the idea that an economy of numerous small-scale firms was superior to one dominated by a few large, highly efficient companies operating in national markets (see Antitrust).
And having seen that capitalism reduced poverty, instead of intensifying it, critics such as Gar Alperovitz and Michael Harrington proclaimed equality as the highest moral value, calling for higher taxes on incomes and inheritances to massively redistribute wealth, not only nationally but also internationally.
Under real competition, which is what capitalism delivered, companies are rivals for sales and profits.
http://www.econlib.org/library/Enc/Capitalism.html   (2012 words)

  
 Capitalism
Capitalism is based on the same principle as mercantilism: the large-scale realization of a profit by acquiring goods for lower prices than one sells them.
Labor also becomes "efficient," that is, it becomes defined by its "productivity"; capitalism increases individual productivity through "the division of labor," which divides productive labor into its smallest components.
The result of the division of labor is to lower the value (in terms of skill and wages) of the individual worker; this would create immense social problems in Europe and America in the nineteenth and twentieth centuries.
http://www.wsu.edu/~dee/GLOSSARY/CAPITAL.HTM   (923 words)

  
 capitalism. The Columbia Encyclopedia, Sixth Edition. 2001-05
Capitalism is grounded in the concept of free enterprise, which argues that government intervention in the economy should be restricted and that a free market, based on supply and demand, will ultimately maximize consumer welfare.
economic system based on private ownership of the means of production, in which personal profit can be acquired through investment of capital and employment of labor.
Though private production plays a major role in the economies of Germany and Japan, both nations have centrally planned industrial policies in which bankers, industrialists, and labor unions meet and seek to agree to wage policies and interest rates; these countries reject the idea of letting the market wholly determine the economy.
http://www.bartleby.com/65/ca/capitali.html   (463 words)

  
 BlackCrayon.com: dictionary: 'capitalism'
The State-sanctioned corporation is not a person in any moral sense, but is merely a legal fiction created to shield individual persons from responsibility for the actions of the entity that generates their profits.
A free market in labor, in the context of a monopoly on capital.
An economic system based on prioritizing profit and prioritizing capital.
http://blackcrayon.com/library/dictionary/?term=capitalism   (199 words)

  
 ANTI-CAPITALISM: Modern Theory and Historical Origins
Others consider capitalism to be the economics of democracy, as if we could not vote for any other economic system.
Without interest paid on loans or capitalized funds being held in suspension, all available credit dollars would end up financing growth and production and thereby keep employment universal.
(government by the few) or a plutocracy (government by the wealthy) to accumulate capital and thereby restrict the natural circulation of wealth through the economy.
http://www.personal.psu.edu/users/w/x/wxk116/antic   (3344 words)

  
 Chomsky On Capitalism
Of the three major sectors of state capitalism -- the German-led European community, the Japan-based sector and the U.S.-based sector -- the German- and Japan-based sectors pulled out of the decline, but without regaining their previous rate of growth.
They've internationalized capital to take advantage of cheap labor abroad, and intensified the class war that business has always waged against labor and the disadvantaged.
As an example, the Reagan-Bush administrations are the most protectionist since World War II, doubling the percentage of imports subject to various forms of restriction.
http://www.zmag.org/chomsky/interviews/dmt-capitalism.html   (1933 words)

  
 Capitalism FAQ: Theory
In allowing each individual to act unhampered by government regulations, capitalism causes wealth to be created in the most efficient manner possible which ultimately raises the standard of living, increases the economic opportunities, and makes available an ever growing supply of products for everyone.
Since all people must live independently under capitalism, all of the material values that a person acquires must be earned.
By continuously improving the efficiency of labor, capitalists and businessmen are responsible for raising wages and creating employment which serve to raise the standard of living of everyone.
http://famguardian.org/Subjects/Politics/Articles/Capitalism/capit-2.htm   (3082 words)

  
 Copyleft vs. Copyright: A Marxist critique
If communities become direct producers of value for capital, an antagonist relationship similar to the one between capital and labour should be expected to emerge [55].
The prime example of this transition is that from feudalism to early capitalism.
Now when historical materialism has proved to be functional in describing the evolving forces of production and the fettering of those forces, we are required to examine the accuracy of its prediction that the relations of production are affected too [65].
http://www.firstmonday.org/issues/issue7_3/soderberg/index.html   (11056 words)

  
 Frequently Asked Questions about Capitalism :: The Center for the Advancement of Capitalism
Only under socialism does one find such “robber barons.” Under capitalism the money and banking system is owned and operated by private banks, not by financial ministries that are mere appendages of the state.
Achieving capitalism requires fundamental philosophic change: a respect for reason and rational self-interest, the protection of individual rights, and the complete separation of government from business.
The reason why capitalism allows people to rise by their own efforts is that capitalism is driven by only one fundamental consideration: profit.
http://www.moraldefense.com/Philosophy/FAQ   (3943 words)

  
 Capitalism - Wikiquote
But as national barriers have come down in the name of freer commerce, so has the capacity of governments to manage capitalism in a broad public interest.
Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another."-Milton Friedman
"Poverty and suffering are not due to unequal distribution of goods and resources, but to the unequal distribution of capitalism.
http://en.wikiquote.org/wiki/Capitalism   (1815 words)

  
 LT Essays: Capitalism
If capital is a term for anything people own that makes them a profit, then a capitalist system allows people to own anything they want.
Mainstream economic thought (as well as the daily business page) conceives of capital, generally, as assets — that is, of things subject to ownership, and capable of increase.
For example, two things that are constantly identified with capitalism are the free market and competition.
http://www.landreform.org/es3.htm   (1237 words)

  
 Capitalism: A Treatise on Economics
War and destruction or additional peacetime government spending are necessary to prevent unemployment under capitalism.
eisman develops powerful and highly original theories of aggregate profit and interest, savings and capital accumulation, wages, and aggregate economic accounting.
eisman offers the most comprehensive defense of capitalism ever written.
http://www.capitalism.net   (1965 words)

  
 Notablog: "Capitalism": The Known Reality
(Indeed, neocons don't understand it either!) U.S. capitalism as such is equated with "crony capitalism" or with what Rand called the "New Fascism": the intimate involvement of the U.S. government in the protection of business interests at home and abroad through politico-economic and military intervention.
Indeed, one of the most insidious forms of state intervention has been in the area of money, banking, and finance.
While [the Austrians] argue for the abolition of central banking, and the separation of the political sphere from money and credit, Marx advocates using the credit system as a mechanism for socialist transformation.
http://www.nyu.edu/projects/sciabarra/notablog/archives/000288.html   (1358 words)

  
 Technorati Tag: capitalism
Capitalism and Free Markets Capitalism means free markets and in free markets, index funds are the right investment.
Become a member to save searches in a Watchlist.
Stirring competition and capitalism in the United States is the key to moving our nation's education system in the right direction.
http://www.technorati.com/tag/capitalism   (502 words)

  
 The Ayn Rand Institute: Capitalism
"Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.
Our money does not belong to the government.
Clinton's Proposal to Save the System by Investing in Stocks Entrenches the Very Cause of the System's Insolvency: Government Control of our Savings
http://www.aynrand.org/site/PageServer?pagename=media_topic_capitalism   (1960 words)

  
 Celebrate Capitalism (tm) - CelebrateCapitalism.ORG - International Capitalism Day 2006 - Sunday, June 4 - PRODOS ...
Human creativity and invention, business, profit, production, free trade - both local and global - desperately need your support.
The official PRODOS Institute merchandise, freebies, and business opportunities page.
Nominations for the Capitalism Award™ may come from business, science, art, education, politics, invention, or any other field of creative, productive, human endeavour.
http://www.celebratecapitalism.org   (1295 words)

  
 The Bernstein Declaration on the Principles and Possibilities of Capitalism - Official Celebrate Capitalism (tm) ...
Capitalism is the only social system in which individuals are free to pursue their rational self-interest, to own property and to profit from their actions.
Capitalism is the only system based on the recognition that each individual owns his life.
When men are free to pursue their rational self-interest, when they are free to use their minds in the quest to profit and better their lives, they are magnificently productive.
http://www.celebratecapitalism.org/bernsteindeclaration/english   (832 words)

  
 Definition of Capitalism
An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
In order to have an economic system in which "production and distribution are privately or corporately owned", you must have individual rights and specifically property rights.
Capitalism is a social system based on the principle of individual rights.
http://www.importanceofphilosophy.com/Politics_Capitalism.html   (250 words)

  
 Flickr: Photos tagged with capitalism
Great Deals Software sells Capitalism 2 at discount prices.
Find, compare and buy products in categories ranging from Computer Games to...
Explore and refine capitalism photos with our clustery goodness!
http://www.flickr.com/photos/tags/capitalism   (93 words)

  
 The Capitalism Site : Laissez-faire Capitalism is the social system based on the principle of inalienable individual ...
The Capitalism Site : Laissez-faire Capitalism is the social system based on the principle of inalienable individual rights.
Capitalism is a social system based on the principle of individual rights.
Every few days the Capitalism Newsletter delivers capitalism related news, events, and book recommendations to your email box for free.
http://www.capitalism.org   (242 words)

  
 Capitalism Magazine - Individual Rights are the Moral Basis of Society
Capitalism Magazine - Individual Rights are the Moral Basis of Society
http://www.capmag.com   (611 words)

  
 Capitalism Magazine:
Capitalism Magazine survives on donations based on the honor system.
http://www.capmag.com/shownews.asp   (2409 words)

  
 Internet Resources
We hope that one of the more valuable features of this site is the access it will provide users, particularly students, to Internet resources necessary for understanding the social, cultural, political, and economic implications of the global expansion of capitalism.
While the rapid growth of the Internet makes it impossible to keep up with the addition of relevant sites, we will update this list several times a month, adding new sites and eliminating those that no longer function.
-These are Websites arranged according to the chapter topics in Global Problems and the Culture of Capitalism (e.g.
http://faculty.plattsburgh.edu/richard.robbins/legacy/anth_web_resources.html   (303 words)

  
 IGN: Capitalism
Visit GameStats for the latest Capitalism ratings and rankings
Find out what other IGN readers have to say about Capitalism.
Most recent posts on the PC Games Lobby board:
http://pc.ign.com/objects/003/003210.html   (168 words)

  
 GameSpy: Capitalism
And the most elaborate and impressive example of this genre seen yet is Capitalism.
Pioneered by Railroad Tycoon and popularized by Impressions (Air Buck, Detroit, High Seas Trader), this game type appeals only to a certain type of person: one who prefers to conquer with bucks, not bullets.
IBM PC 386DX, 4 MB RAM, SVGA video card, and 1x CD-ROM drive
http://pc.gamespy.com/pc/capitalism   (147 words)

  
 Capitalism Cheats, Codes, Secrets, FAQs, Reviews for PC
While playing the game, enter one of the following codes to activate the corresponding cheat function:
Capitalism Cheats, Codes, Secrets, FAQs, Reviews for PC Capitalism
http://www.cheatcc.com/pc/capitalism.html   (25 words)

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