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The word 'capitalism' was coined about 1880 by Karl Marx to describe the way businesses were financed in the west, in contrast to his preferred system of socialism. These are economic and governmental distinctions, not religions. The economic value of his arguments is exposed by the fact that socialism was always financed by gifts from western banks, and when the gifts dwindled the regime collapsed.
For individual nations: welfare capitalism (for states); multi-national corporation (for business). For the West as a whole: the Bretton Woods system.
Globalization
The word 'capitalism' was coined about 1880 by Karl Marx to describe the way businesses were financed in the west, in contrast to his preferred system of socialism. These are economic and governmental distinctions, not religions. The economic value of his arguments is exposed by the fact that socialism was always financed by gifts from western banks, and when the gifts dwindled the regime collapsed.
Fishing and Mining
economic fervor
BELGIUM was the Western power that dominated The BELGIAN Congo.
Communism is an economic system almost the opposite of capitalism. Capitalism is the ownership of property and the means of production and wealth is in the hands of private entities. Communism is ownership of property and the means of production by the government and wealth shared with all.
The word 'capitalism' was coined about 1880 by Karl Marx to describe the way businesses were financed in the west, in contrast to his preferred system of socialism. These are economic and governmental distinctions, not religions. The economic value of his arguments is exposed by the fact that socialism was always financed by gifts from western banks, and when the gifts dwindled the regime collapsed.
None
europe
For individual nations: welfare capitalism (for states); multi-national corporation (for business). For the West as a whole: the Bretton Woods system.
the presumed reason was that some islamist terrorists believed opposite to western capitalism and the world trade center to them was western capitalism
Marx
No countries dominated Western Europe after WW2 as all Nazi-occupied countries were freed and become independent once more.
It can be argued that before capitalism became a economic policy in many nations, there was always a large amount of wealth among countries in Western Europe and in fact world wide. Prior to capitalism, there too, was already a great deal of inequality measured on a worldwide basis. Many would argue that capitalism has, on an overall basis, simply created more wealth and in fact helped people in lower economic status to become more wealthy and produce a middle class of people. To a large measure, speaking about the results of capitalism requires that a more concise time frame be used.Generally speaking, other economic systems have yet to demonstrate that these systems can produce more wealth and more income equality then the "free market" ones also called capitalism.
Western Union