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Capitalism is an economic system in which the means of production are mostly privately owned, and capital is invested in the production, distribution and other trade of goods and services, for profit. These include factors of production such as land and other natural resources, labor and capital goods. Capitalism is also usually considered to involve the right of individuals and groups of individuals acting as "legal persons" (or corporations) to trade in a free market. The term also refers to several theories that developed in the context of the Industrial Revolution and the Cold War meant to explain, justify, or critique the private ownership of capital, to explain the operation of such markets, and to guide the application or elimination of government regulation of property and markets. (See economics, political economy, laissez-faire.)
Capitalist economic practices became institutionalized in Europe between the 16th and 19th centuries, although some features of capitalist organization existed in the ancient world."Capitalism." Encyclopædia Britannica. 2006. Encyclopædia Britannica Online. Capitalism has emerged as the Western world's dominant economic system since the decline of feudalism, which eroded traditional political and religious restraints on capitalist exchange. Since the Industrial Revolution, capitalism gradually spread from Europe, particularly from Britain, across global political and cultural frontiers. In the 19th and 20th centuries, capitalism provided the main, but not exclusive, means of industrialization throughout much of the world."Capitalism" A Dictionary of Sociology. John Scott and Gordon Marshall. Oxford University Press 2005. Oxford Reference Online. Oxford University Press.
The concept of capitalism has limited analytic value, given the great variety of historical cases over which it is applied, varying in time, geography, politics and culture. Some economists have specified a variety of different types of capitalism, depending on specifics of concentration of economic power and wealth, and methods of capital accumulation (Scott 2005). During the last century capitalism has been contrasted with planned economies. Most developed countries are usually regarded as capitalist, but they are also often called mixed economiesCase, Karl E., Fair, Ray C., Principles of Macroeconomics, Chapter 22 Globalization, Prentice Hall (2004) due to government ownership and regulation of production, trade, commerce, taxation, money-supply, and physical infrastructure.
More on [ Capitalism ]
It's The Globalization Capitalism Economy Stupid!--Atomic Bomb dividend spent-US Star fading-China Star rising-Communism uncovered #tcot #p2
sunshineejc (sunshineejc) Fri, 18 Dec 2009 04:38:25 -0000
It's The Globalization Capitalism Economy Stupid!--Atomic Bomb dividend spent-US Star fading-China Star rising-Communism uncovered #tcot #p2
RT @huffpo: Blaise Zerega: Hugo Chavez Blames Capitalism for Climate Crisis http://bit.ly/77sueg
geolarson2 (George Larson II) Fri, 18 Dec 2009 04:35:10 -0000
RT @huffpo: Blaise Zerega: Hugo Chavez Blames Capitalism for Climate Crisis http://bit.ly/77sueg
"Credit, the lubriant of capitalism, had virtually dried up." Yum thanks history textbook!
samtodey (samtodey) Fri, 18 Dec 2009 04:33:55 -0000
"Credit, the lubriant of capitalism, had virtually dried up." Yum thanks history textbook!
RT @debbiebess: R economy in hands of Chavez fans by saying; "capitalism is the road 2 hell" he got a standing ovation http://bit.ly/8AdyRC
AlaskanRick (Rick Heckert) Fri, 18 Dec 2009 04:33:28 -0000
RT @debbiebess: R economy in hands of Chavez fans by saying; "capitalism is the road 2 hell" he got a standing ovation http://bit.ly/8AdyRC
It is safe to say that capitalism is failing miserably
craigconsidine (Craig Considine) Fri, 18 Dec 2009 04:29:24 -0000
It is safe to say that capitalism is failing miserably
Ahmadinejad blames capitalism for climate change http://bit.ly/8GjYgS
Parisi1 (Werner Wollenweber) Fri, 18 Dec 2009 04:28:03 -0000
Ahmadinejad blames capitalism for climate change http://bit.ly/8GjYgS
Capitalism - A short history of capitalism and its origins in European Enlightenment thought and practice.
Meta Description: [ A short history of capitalism and its origins in European Enlightenment thought and practice. This essay is part of the Enlightenment Glossary at http://www.wsu.edu:8080/~dee/GLOSSARY/ENLGLOSS.HTM..>
Capitalism - Article from the Wikipedia open encyclopedia project that discusses history, characteristics and other approaches.
Capitalism Magazine - Frequent periodical covering current events in economics and politics.
Meta Description: [ Capitalism Magazine is a daily periodical commenting on political and cultural issues from an individual rights perspective. ]
Center for the Defense of Free Enterprise Online - Resources on the free market and economic theories
Center for the Moral Defense of Capitalism - Articles, essays and resources from an organization that presents a philosophical defense of business, profit-making, and economic freedom.
Meta Description: [ The Center for the Advancement of Capitalism is dedicated to advancing individualism and economic freedom throughout America. Site includes the Center's articles and essays, opportunities for activism and more. ]
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Free Enterprise at Work - An introductory Microeconomics textbook developed by Rolin Warner for the Town School in San Francisco.
Know Thy Enemy - Site attacking capitalism as evil.
Peoples' Capitalism - Plan to make every adult US citizen a capitalist.
The Capitalism Award - Award for websites which support the ideals of capitalism, free market conservatism, and/or libertarianism on the internet.
The Capitalism Site - Dedicated to promoting capitalism - the social system founded upon individual rights
Meta Description: [ The Capitalism Site is a moral, political, and economic defense of the unknown ideal: laissez-faire capitalism. The term 'capitalism' is used here in the broader philosophical political sense, and not in the narrower economic sense, i.e. a free-market. ]
The Capitalist Dollar Bill Ribbon Campaign - Dedicated to spreading the message of the greatness of Capitalism, the economic principles of Adam Smith, and the wonders of the free market system.
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The Crisis of Global Capitalism - Well-known currency speculator and billionaire George Soros criticises the global economic system.
Meta Description: [ A review of 'The Crisis Of Global Capitalism' by George Soros. ]
The Failure of Capitalism - Essays concerning difference between capitalism and the free market.
Meta Description: [ The Mineral Springs at Manitou ]
The Truth about American Capitalism - Presents a capitalistic society as a class/caste structure and argues for the possibility of a better alternative.
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