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Topic: Definitions of capitalism


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 What is capitalism? Capitalism is grounded in wage labor.
Capitalism is a type of society where the capitalist class process is the predominant class process.
This type of capitalist society is distinguished by the unique wage-labor relationship by which surplus labor is brought into existence and appropriated by a non-laborer (or collective of non-laborers, as in the typical contemporary case of capitalist appropriation by a legally empowered board of directors) without direct coercion.
It is the capitalist class process, however, that allows for a unique definition of capitalism and one more consistent with the use of the term historically, especially by Marx.
www.mtholyoke.edu /courses/sgabriel/capitalism_defined.htm   (577 words)

  
 Capitalism   (Site not responding. Last check: 2007-10-15)
Some emphasize the private ownership of capital as being the essence of capitalism, while others emphasize the importance of a free market as a mechanism for the movement and accumulation of capital.
The first use of the word "capitalism" in English is by Thackeray in 1854, by which he meant having ownership of capital.
Capitalism is often contrasted to socialism in that besides embracing private property in terms of personal possessions, it supports private ownership of the means of production (compare definitions of socialism).
capitalism.iqnaut.net   (7647 words)

  
 Discover the Wisdom of Mankind on capitalism   (Site not responding. Last check: 2007-10-15)
Capitalism generally refers to an economic system in which the means of production are privately owned, and capital is invested in the production, distribution and/or other trade of goods and services for profit.
The concept of capitalism has limited analytic value by itself because of the great variety of historical cases over which it might be applied, depending on time and the geographical and political cultural scope.
Karl Marx understood capitalism as an historically specific mode of production (the way in which the productive property is owned and controlled, combined with the corresponding social relations between individuals based on their connection with the process of production) in which capital has become the dominant means of production (Burnham).
www.blinkbits.com /blinks/capitalism   (5051 words)

  
 Capitalism, Socialism & Communism: What They Are, Why They Don't Work, What Works Better   (Site not responding. Last check: 2007-10-15)
There is no true "opposite" of capitalism, but capitalism stands in most direct contrast with "laborism", or economies that derive most of their production from human labor.
Moreover, under corporate capitalism, the individual is wrongly motivated (through fear of loss of employment rather than the desire to build equity), and unable to enjoy the fruits of his own labor, since most of the value of that labor is appropriated by the corporation.
Almost by definition, only some form of genuine socialism can satisfy all of these criteria, and the socialism in question must also be one which has at its economic core institutions that maximize to the greatest extent possible the capture of equity in exchange for labor.
www.progressiveliving.org /economics/capitalism_socialism_communism.htm   (4666 words)

  
 Capitalism
One of the reasons that capitalism is hard is because there is no one and nothing to blame for the failure of any given individualÂ…except the individual.
Like democracy and freedom, capitalism requires self-reliance, respect for one’s self including a recognition of one’s value in a given instance (read “Leverage in Contract and Other Negotiations”) and, perhaps most significantly, the willingness to accept personal responsibility for one’s successes or failures.
Capitalism is based on the power of the individual but we do not appear to recognize, or if we recognize, do not appear to be able to act on our individual power to affect our own destinies.
www.ivanhoffman.com /capitalism.html   (1425 words)

  
 Capitalism Law and Legal Definition - USlegalforms.com
Capitalism is an economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
The concept of free enterprise is the cornerstone of capitalism, which believes that the laws of supply and demand with minimal government intervention is will ultimately maximize consumer welfare.
Capitalism and the free enterprise principles behind it are in contrast to other economies, such as those in Germany and Japan, which incorporates private production within centrally planned industrial policies in which bankers, industrialists, and labor unions meet and seek to agree to wage policies and interest rates.
www.uslegalforms.com /legaldefinitions/c/capitalism.php   (339 words)

  
 Capitalism, Socialism, and the 1949 Chinese Revolution
For many social analysts and commentators, their definition of capitalism is ad hoc, changing over time or occasion to meet polemical demands or simply to reflect the present set of idealized characteristics of particular high income societies, usually the United States suffices as the model.
The entire history of thought within which capitalism was defined as a unique economic system formed around a distinct class process and communism was defined as an alternative mode of producing and appropriating an economic surplus is absent from the arena of these debates.
Nevertheless, a concept of capitalism that is overly general or synonymous with other widely used concepts --- such as the conflation of market economies with capitalism --- becomes less useful as a device for categorizing and analyzing.
www.mtholyoke.edu /courses/sgabriel/economics/china-essays/1.html   (5790 words)

  
 Capitalism - Article from FactBug.org - the fast Wikipedia mirror site
However, many people agree that it was around the time when share-trading in corporate bodies became common and widely understood that large scale capitalism can be said to have become possible and became predominate, even though there is often disagreement that it was the share-trading itself that defined capitalism.
Some advocates of capitalism may partly agree with the critics but think that the problem can be resolved with solutions like progressive taxation, wealth tax, and/or inheritance tax.
Marxists also often argue that the structure of capitalism necessarily leads to unjust exploitation of workers, regardless of whether or not the political system is one of an elected democracy.
www.factbug.org /cgi-bin/a.cgi?a=5416   (7838 words)

  
 DECLINE AND FALL OF BUDDHISM
Capitalism is the basic economic system of the modern age.
Capitalism is said to have been changing and capitalism today is not the classical capitalism of earlier times.
It is thus obvious that capitalism cannot sustain the democratic principle of equality; and democratic society cannot justify exploitation and inequality.
www.ambedkar.org /books/capitalism1.htm   (1583 words)

  
 Definitions of capitalism - Wikipedia, the free encyclopedia
Capitalism is an economic system in which the capital is owned either by individuals or corporations.
Capitalism might also be considered the free market approach to enterprise equity.
But the crucial distinguishing feature between socialism and capitalism is the introduction of such a free market approach to shares of the ownership, i.e.
en.wikipedia.org /wiki/Definitions_of_capitalism   (141 words)

  
 Definitions of Capitalism
Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
Capitalism may even be identical with the restraint, or at least a rational tempering, of this irrational impulse.
All of these demonstrate social arrangements based on neither the tyranny of capital nor the tyranny of the state (and it should be noted that the tyranny of capital also utilizes the tyranny of the state, it is not solely a Soviet method).
www.gnn.tv /threads/4462/Definitions_of_Capitalism   (6718 words)

  
 The End of Rational Capitalism
What they set out in their analyses were the requirements of a rational capitalism and at least the hope that these requirements would be achieved.
I had to have a good look for definitions that worked for me, in the end it was good old wikipedia descriptions of the phenomena that most appealed to me. I do agree that without a consensus about the definition, it’s virtually impossible for the conversation to proceed.
There will never be a consensus on definition of these -isms so long as people can manipulate the discussion by twisting their meanings.
www.guerrillanews.com /headlines/1464/The_End_of_Rational_Capitalism   (663 words)

  
 The moral poverty of American capitalism
For appallingly meager wages and benefits, the cashiers tending the sacred Churches of Capitalism and Consumerism gather the offerings which enable their fellow faithful to reap the fruits of practicing their devotion.
American Capitalism is a pyramid scheme shaped and forged over time to ensure that a small minority of principally white males garner a majority of the wealth.
In a self-proclaimed Christian nation awash in a sea of money, guided by allegedly noble principles, and purported to have a Manifest Destiny to convert the world to the American Way, a significant number of discarded, hopelessly poor human beings are living proof of the cruel hypocrisy of the ruling elite of the United States.
onlinejournal.com /artman/publish/article_861.shtml   (2574 words)

  
 OK so I’m not really a cowboy. » The Two Senses Of Capitalism
Capitalism in its original definition is an economic term.
His definition of capitalism was tied to the hated bourgeoisie.
An even more lewd distortion of “capitalism”, which you didn’t mention directly, is how they interpret “persuit of property” and the Constitution as a whole as encouraging this plutocratic behavior - ie, the “neocons”.
www.indiancowboy.net /blog/?p=313   (1408 words)

  
 Message Forum: Re: Definitions of capitalism
It is very nearly pure capitalism compared to the economic systems in many other nations -- but it is /not/ pure capitalism, and there /is/ government intervention to prevent such things as monopolies and sweatshops.
When Gabby says that Capitalism "is doing one's best to bring to fruit the greatest personal, and thereby total, gain possible", I don't think he's referring to /pure/ capitalism, because pure capitalism doesn't exist in America.
But arguing that the private schools should not be depended upon because "capitalism is bad" and talking about "sweatshops" and "monopolies" is ridiculous and cheapens the whole argument.
www.rinkworks.com /rinkforum/view.cgi?post=25894   (1216 words)

  
 Anti-capitalist - Knowmore
Socialism argues for extensive non-private control of the economy, which may or may not be associated with democratic control by the people over the state (if a nation-state exists in such a system).
Anarchist philosophies argue for total abolition of the state, with those schools of anarchism that oppose capitalism (all except anarcho-capitalism) doing so because they believe it entails involuntary relations and coercive hierarchy.
There is also a significant conservative opposition to certain types of international capitalism, as was highlighted so clearly in the nineteenth century debates over the Corn Laws in the UK (where the question of tarrifs and free trade was raised).
knowmore.org /index.php/Anti-capitalist   (447 words)

  
 BlackCrayon.com: dictionary: 'capitalism'
The term 'capitalism' is as semantically unstable as the term 'liberalism' and will rarely mean the same thing for two people in an argument -- or even an agreement -- or even for one person in a private monolog from one moment to the next.
(Note also that "corporate capitalism" -- the private ownership of the means of production by collectives -- is not the same thing.
The State-sanctioned corporation is not a person in any moral sense, but is merely a legal fiction created to shield individual persons from responsibility for the actions of the entity that generates their profits.
www.blackcrayon.com /library/dictionary/?term=capitalism   (199 words)

  
 Democracy and Globalisation - John Ralston Saul - Technocracy and Capitalism
They are not capitalistic.The people who have been lecturing us for 25 years, a quarter of a century, on the need to be capitalistic and to take risk, these people themselves work for corporations which are not capitalistic.
I mean that's not exactly what Carnegie or Rockefeller meant by capitalism, it's called really lazy bureaucracy and big and expensive, and they're not owned in a capitalistic manner.
They spend all their time attacking the debt of government, but it's the debt of the private sector which is out of control.
www.abc.net.au /specials/saul/fourth.htm   (601 words)

  
 US Capitalism And The Moral Poverty Of Nations   (Site not responding. Last check: 2007-10-15)
Over the years they showed their true colors to the world by engaging in numerous imperialistic endeavors, nearly wiping out the Native American population, and fighting progressive movements like Abolition and Women's Suffrage with virtually every fiber of their collective being.
Thank you, Ayn Rand, for affirming the naked brutality and avarice of America's socioeconomic system, a system which enables a privileged few who "play the game" well to mercilessly pursue their personal interests, amass private fortunes, and hoard the lion's share of "America's abundance".
Of the 224 American cities that participated in a recent National Coalition for the Homeless survey, approximately 30% are taking measures targeting the homeless, including banning pan-handling and "camping", initiating frequent police sweeps of public areas to arrest or "evict" homeless persons, and selectively enforcing loitering laws.
www.rense.com /general71/amrcc.htm   (2630 words)

  
 The Latest Tool in Competition: Hacking
This is one of the most obscene definitions of Capitalism I have ever seen or heard, specifically because it violates the very nature of what Capitalism stands for.
Capitalism is about an individuals right to PRODUCE by his own mind, by is own effort.
Capitalism DEPENDS on the individual rights of man to his own property, to what he produces.
www.securityfocus.com /comments/columns/273/28949   (359 words)

  
 Socialism and Dependency Theory
All economies, however organized, must address certain fundamental economizing questions: what to produce (the product mix question), how to produce it (the technology question), by whom should it be produced (the resource allocation question), and for whom should it be produced (the output distribution question).
Capitalism, a.k.a., "market economy," is the highest level emergent form of economic organization.
Marx and Prebisch were right on one count: capitalism has significant potential for abuse and exploitation of the poor by the rich.
facweb.furman.edu /~dstanford/jc/deptheory.htm   (952 words)

  
 The End of Capitalism and the Triumph of the Market Economy, by James C. Bennett
Yet the term capitalism comes from Karl Marx, who thought that the era of market-economy nation-states was, in the middle of the 19th Century, on the verge of being replaced by a world state with a centralized command economy, which he termed scientific socialism.
Yet we continue to accept his term of capitalism, and for the most part his definition of that system, and think of the market economy and capitalism as being synonymous.
Because ownership of capital -- liquid, investable wealth, and the industrial plants it paid for -- was the characteristic of this class, he called the system capitalism.
www.pattern.com /bennettj-endcap.html   (3185 words)

  
 Howard Brick
Although the idea of "postcapitalist society" was promoted by Western European social-democratic and liberal intellectuals in the decades after World War II, many postwar American social theorists also worked under the conviction that a gradual but dramatic transformation was leading, in their own time, to a society that eluded conventional definitions of capitalism.
Talcott Parsons's sociology, Robert Dahl's early postwar pluralism, David Riesman's social psychology, the idea of postindustrial society, and even New Left ideas of a "postscarcity" radicalism all manifested, in various ways, such expectations of change.
Yet, over its long career, the postcapitalist vision proved profoundly ambiguous, helping to sustain a robust reformist imagination right through the middle of the twentieth century, while also serving to subdue radical criticism by vesting too much confidence in the progressive potential of the socioeconomic status quo.
www.ihc.ucsb.edu /capitalism/papers1/brick.html   (174 words)

  
 Definitions of Capitalism
I'm a PhD student at York University in the Social and Political Thought program.
After two degrees in Economics that failed to convince me that capitalism is a system that truly works for the benefit of all, I am trying to expand my knowledge.
I hope to conduct research into the power and influence of the Big Banks.
www.gnn.tv /blogs/5568/Definitions_of_Capitalism   (6806 words)

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