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The economist who famously stated that "whoever controls a society's capital controls that society" is Karl Marx. He emphasized the significance of capital in shaping social relations and power dynamics within society. Marx's analysis highlighted how ownership of production means and capital leads to the dominance of the capitalist class over the working class.

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3w ago

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What economists believed that supply side economics was the best system for a society?

The Good Society, Chinese economist Zhang Weiying, who is known in China for his advocacy of free market the exception of central bank regulation of the money supply.


What is the difference between co-operative bank and co-operative society?

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What are some recent articles about globalization and its impact on the economy and society?

Recent articles on globalization and its impact on the economy and society include "The Globalization Paradox: How Globalization is Affecting Income Inequality" by The Economist, "Globalization and Its Discontents: Challenges and Opportunities for Developing Countries" by The World Bank, and "The Social Impact of Globalization: A Critical Perspective" by The Journal of Economic Perspectives.


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The definition of a capitalist society is any society that makes profit or makes any kind of capital. Capital is resources such as money, lumber, grain, TVs things of value that can be traded or used. All societies are capitalist societies as all governments and countries must produce and posses capital to survive. The difference between governments is who has ownership of the capital. In communist countries, all the capital is posesed by and for the government , even people are defined as capital. In so called capitalist countries (Usually western republics and democracies) The greater wealth of capital resides in the people and is privatley owned with some going to the government as taxes. So technically your question is meaningless however your definition of a capitalist society could fit the description of the United States, the United Kingdom, Italy, Canada and many other nations.


What are the disadvantages of a controlled economy?

The problem of surpluses. Surpluses indicate a waste of labor and materials that could have been applied to more pressing needs of society.