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Capitalism

Capitalism is a political system characterized by private for-profit ownership of property and goods.

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During which of the following steps of Marx's transition from capitalism to communism would society be completely free from a ruling class?

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all of you are extremely dumb, the answer is dictatorship of the proletariat, for apex.

Did Karl Marx think capitalism was bad?

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Marx acknowledged that capitalism has succeeded in creating more productive power than any other economic system before it. In "The Communist Manifesto", Marx states: : "The bourgeoisie, during its rule of scarcely one hundred years, has created more massive and more colossal productive forces than have all preceding generations together. Subjection of Nature's forces to man, machinery, application of chemistry to industry and agriculture, steam navigation, railways, electric telegraphs, clearing of whole continents for cultivation, canalization of rivers, whole populations conjured out of the ground-what earlier earlier century had even a presentiment that such productive forces slumbered in the lap of social labor."

What role is government in capitalism?

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They get to choose to control everything.

What haves the same meaning as capitalism or a market economy?

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Free- enterprise system

In what ways does the mindset of a country's citizens have to change in order to transition to capitalism?

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Most people don’t have a choice, as capitalism forced on them by the ruling class.

Where did Capitalism emerged as an economic force in?

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Europe. Capitalism fully flourished there in the 1800's but the seeds of modern capitalism could already be seen as early as the 1500's.

What is the most fundamental freedom in a capitalism economy?

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Free markets in which suppliers and demanders can enter and exit the market at their own discretion are fundamental to the capitalist economic system.

What does capitalism do?

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Capitalism refers to the accumulation of capital (money seeking to grow itself) through investments, finance and venture capital activities. This refers to the process of "making money", which is actually just an accumulation of existing money in circulation within the economy.

Supposedly, the process of "making money" corresponds to the production of useful goods and services in the economy. But this is not always the case, as there are many redundant and parasitical activities that do not correspond at all to producing actual utility for the economy.

The outcome on culture is typically one where the common person is interested in making-money, often for its own sake, and on short-term interests.

How did Charles Edward Russell feel about capitalism?

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Charles Edward Russell was a muckraking American who founded the NAACP, gave up on the corrupt Republican and Democratic parties, profoundly opposed communism (he particularly despised Lenin), and branded his pooled trust/share the capitalistic wealth ideology as: Socialism. The pooled trusts envisioned by Russell were a means to maximize profits and distribute the revenue to the producers instead of the executives. His core ideology was to reduce the abusive concentration of wealth and power in the hands of the elite (aka, the 1%) and share the profits with the producers (aka, the 99%) thus raising the standard of living for all.

Russell had seen the pooled trust business model in the form of cooperatives succeed for farmers in his native Iowa, but he also watched as these small Iowa cooperatives were defeated by the powerful New York and Chicago railroads which used their monopoly powers to control the flow of agriculture to distant markets and thus skimmed all of the profits away from the farmers and their trusts. Russell keenly observed that monopolies and the resulting concentration of power were to blame for the low living standards, and often abject poverty, of producers.

Sponsored by Upton Sinclair, Russell joined the Socialist party and ran for Mayor, Governor, and U.S. Senator in New York. He almost ran for President, but he was rejected from the Socialist party in 1917 due to his outspoken support for U.S. intervention in Europe to help the Allies defeat Germany in World War I. At the time, many members of the Socialist party in the U.S. were either German immigrants or decedents of German immigrants who strongly opposed the war.

What is the Difference between state capitalism and free market capitalism?

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The definition of State Capitalism is "an economic system that is primarily capitalistic, but there is some degree of government ownership of the means of production" (http://www.wordnetweb.Princeton.edu/perl/webn) or a capitalist system where the government runs businesses. A popular example of state capitalism is the economy of China, where the state owns thousands of companies.

A free market is a theoretical term that economists use to describe a market which is free from governenment intervention, such as no regulation, and minimal government ownership. Examples of this form would be Somalia or Afghanistan.

Most capitalist economies fit inbetween these two extremes. The economy of the United States is a free-market economy but also favors a small degree of state enterprise and public goods provided by the state.

What are the positive and negative effects of capitalism?

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Capitalism allows people to own private property, have the right to gain wealth and compete in the market. This promotes a growing economy where competing industries produce higher-quality products. Capitalism also allows individuals to earn money based on the importance of their role in society. If doctors didn't earn more than carpenters, no one would become a doctor and we'd have a shortage. This system encourages people to contribute to the economy, thereby gaining wealth for themselves and promoting wealth for others.

Capitalism is not without it's flaws, and there are many different forms of it.

(see the related link for a historical perspective on Western capitalism)

How is capitalism different from mercantilism?

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Capitalism is an economic system. Mercantilism is trading.

What is let-it-be capitalism also called?

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The term more often used for such a form of capitalism is LAISSEZ-FAIRE ECONOMICS.

Free enterprise or capitalism exists insofar as?

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Free enterprise exists regardless of the risks involved for the business people so long as they can make a profit. Capitalism is a dream of the very wealthy to fore go any responsibility in relation to the place that they occupy in society and be able to accrue wealth without necessarily putting any thing back into society.

How is socialism similar capitalism?

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government control of business

Can capitalism and communism co-exist?

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for the short term yes, communist states can exist with capitalist states, possibly for hundred of years, however if marx is right someday the revolution will be worldwide and capitalism will cease to be the domanate mode of prodution, when that day comes those is unknown and is likly hundreds of years in the future. right know humanities most pressing issue is to stope climate change from becoming out of controll.

What are factors for transition from feudalism to capitalism?

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Some would say the Industrial Revolution came between the two and formed the transition.

Another view is that mercantilism, which arose during the later half of the Middle Ages, and is exemplified by the activities of the Hanseatic League, and the banking system that arose after the disbanding of the Knights Templar, gave rise to a system sufficiently like capitalism to go by that name.