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Do you agree with Friedman that societies are structured on greed and that capitalism can reduce the harm caused by greed?
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Between 1890 and 1930 what type of economy caused leading economists to be critical of the inequalities that it had created among the people?
capitalism
What was lenins theory about capitalism?
- War caused by the stresses and strains of monopolistic capitalism. - Capitalist overproduction requires the continual expansion of markets, sources of raw materials and profits. - Colonial conquests by capitalist powers. - After all the available lands for expropriated and exploited, the incessant demand for more leads to wars among the capitalists powers themselves. - Lenin's view in Lenin's view capitalism causes war and with the destruction of private capitalism, wars will no longer occur.
Economics is the science of scarcity and choice explain?
That description fails to account for the fact that so much human activity under capitalism is matter of being forced to do something, not a matter of choice. For instance, the majority of people are forced to sell their ability to work for a wage. And scarcity is an artificial situation caused by capitalism’s rule of no profit- no production.
List of 4-6 advantages of living in a capitalist society?
Many theorists and policymakers in predominantly capitalist nations have emphasized capitalism's ability to promote economic growth, as measured by Gross Domestic Product (GDP), capacity utilization or standard of living. This argument was central, for example, to Adam Smith's advocacy of letting a free market control production and price, and allocate resources. Many theorists have noted that this increase in global GDP over time coincides with the emergence of the modern world capitalist system. While the measurements are not identical, proponents argue that increasing GDP (per capita) is empirically shown to bring about improved standards of living, such as better availability of food, housing, clothing, and health care. The decrease in the number of hours worked per week and the decreased participation of children and the elderly in the workforce have been attributed to capitalism. Proponents also believe that a capitalist economy offers far more opportunities for individuals to raise their income through new professions or business ventures than do other economic forms. To their thinking, this potential is much greater than in either traditional feudal or tribal societies or in socialist societies. Milton Friedman has argued that the economic freedom of competitive capitalism is a requisite of political freedom. Friedman argued that centralized control of economic activity is always accompanied by political repression. In his view, transactions in a market economy are voluntary, and the wide diversity that voluntary activity permits is a fundamental threat to repressive political leaders and greatly diminish power to coerce. Friedman's view was also shared by Friedrich Hayek and John Maynard Keynes, both of whom believed that capitalism is vital for freedom to survive and thrive. Austrian School economists have argued that capitalism can organize itself into a complex system without an external guidance or planning mechanism. Friedrich Hayek coined the term "catallaxy" to describe what he considered the phenomenon of self-organization underpinning capitalism. From this perspective, in process of self-organization, the profit motive has an important role. From transactions between buyers and sellers price systems emerge, and prices serve as a signal as to the urgent and unfilled wants of people. The promise of profits gives entrepreneurs incentive to use their knowledge and resources to satisfy those wants. Thus the activities of millions of people, each seeking his own interest, are coordinated. This decentralized system of coordination is viewed by some supporters of capitalism as one of its greatest strengths. They argue that it permits many solutions to be tried, and that real-world competition generally finds a good solution to emerging challenges. In contrast, they argue, central planning often selects inappropriate solutions as a result of faulty forecasting. However, in all existing modern economies, the state conducts some degree of centralized economic planning (using such tools as allowing the country's central bank to set base interest rates), ostensibly as an attempt to improve efficiency, attenuate cyclical volatility, and further particular social goals. Proponents who follow the Austrian School argue that even this limited control creates inefficiencies because we cannot predict the long-term activity of the economy. Milton Friedman, for example, has argued that the Great Depression was caused by the erroneous policy of the Federal Reserve. Ayn Rand was a prominent philosophical supporter of laissez-faire capitalism; her novel Atlas Shrugged was one of the most influential publications ever written on the subject of business. The first person to endow capitalism with a new code of morality (Rational Selfishness), she did not justify capitalism on the grounds of pure "practicality" (that it is the best wealth-creating system), or the supernatural (that God or religion supports capitalism), or because it benefits the most people, but maintained that it is the only morally valid socio-political system because it allows people to be free to act in their rational self-interest. These thinkers have had a substantial influence on the Libertarian Party, which is the political party that is most closely allied with laissez faire and free market economics in the United States. The Libertarian Party strongly advocates the elimination of most, if not all, state involvement in the marketplace.
What caused Vladimir Lenin to argue that imperialism was not a policy?
Lenin argued that people should not speak of imperialism as a policy because the use of the term would imply that imperialism was something that gave capitalism a choice. Thus there was no science to it at all. Lenin argued that imperialism was a natural development that Marx had simply overlooked.
What Caused of capitalism?
capitalists!
What did corporations do that caused unions to decline during 1920'?
Welfare Capitalism.
Which group believed that capitalism was the cause of the Great Depression?
Socialists and Communists were the most fervent believers that capitalism caused the Depression for obvious reasons.However, other groups, such as Keynesians, anarchists and many distributists (in the Catholic Chruch) also believed at least implicitly that capitalism caused the Depression.
How did capitalism contribute to beginning of World War 2?
It helped because the Great Depression largely caused by capitalism angered the German people who then started WW2
How did Karl Mark and Freidrich Engels view homosexuality?
They saw it as a disease caused by capitalism
What caused china to isolate from other societies?
the Himalayas and the Gobi Desert.
What are Major difference caused in body due to playing sports?
You become fit and well structured.
What decisions did Yeltsin make about the economy?
His economic plan was known as "Shock therapy". This Move toward Capitalism caused suffering.
Between 1890 and 1930 what type of economy caused leading economists to be critical of the inequalities that it had created among the people?
capitalism
The downfall of the babylonian empire and other societies was partly caused by unwise land-use which resulted in?
Deforestation
Where can someone sell their structured settlement?
A structured settlement is a court order sum that is considered to be a reimbursement for some type of negligence that has been caused by a company or person. One can sell this settlement in order to expedite the process of getting money, and can be done with companies such as My Structured Settlement Cash or Liberty Settlement Funding.
Should companies be responsible for unemployment caused by the information systems Why or why not?
Yes they should be responsible.
