Capitalism
in sentence
1376 examples of Capitalism in a sentence
But it remains to be seen if he will do the same with market
capitalism.
Today’s examples of illiberal
capitalism
range from toleration of extreme inequality to favoring heavy redistribution, and from overweening statism to broad deregulation of markets.
In Putin’s authoritarian
capitalism
– similar to that of China – Western-style liberal democracy, which was supposed to reign triumphant, has a new rival.
If one lesson of history is the danger of globalization running amok, another is the malleability of
capitalism.
The market develops according to its own logic, and
capitalism
implies an understanding of the market’s nature and of how society can benefit from the market.
Finally, and most important, let us hope that terrorism is thwarted everywhere, conflicts subside, democracy and
capitalism
regain some momentum, and greater civility and honest dialogue return to the public domain.
The countries closest to the markets of Western Europe (Poland, Hungary, Czech Republic, Slovakia, Croatia, Slovenia, and the Baltic States) have had a much easier transition to
capitalism
than the more distant economies of the former Soviet Union.
But, in the absence of serious political reform, income inequality will widen as crony
capitalism
sinks its roots more deeply.
Over the years, it has gained a somewhat deserved reputation for gathering a bunch of global elites in a posh Swiss resort for a week’s worth of self-congratulatory speeches – a sort of affirmation that the elite’s values and successes epitomize the triumph of democracy and
capitalism.
If voters in France’s upcoming presidential election prove closer to the Dutch than to Americans and Britons in their susceptibility to xenophobia and protectionism, their decision will have global implications for politics, economics, and the ideology of global
capitalism.
In the immediate aftermath of the global financial crisis, the European “social market” model of
capitalism
seemed like a logical alternative to the Thatcher-Reagan market fundamentalism that had broken down after 30 years of global dominance.
This renewed embrace of the market, reminiscent of Deng Xiaoping’s original turn to
capitalism
in 1979, will be hard medicine for China’s entrenched business and government elites to swallow.
By contrast, Trump advocates lower taxes for the wealthy, and seems willing to embrace some form of state
capitalism
– if not crony
capitalism
– via protectionist policies and special incentives for companies to manufacture in the US.
Those who predict capitalism’s demise have to contend with one important historical fact:
capitalism
has an almost unlimited capacity to reinvent itself.
The real question is not whether
capitalism
can survive – it can – but whether world leaders will demonstrate the leadership needed to take it to its next phase as we emerge from our current predicament.
Capitalism
has no equal when it comes to unleashing the collective economic energies of human societies.
At the political level,
capitalism
requires compensation and transfer mechanisms to render its outcomes acceptable.
As the current crisis has demonstrated yet again,
capitalism
needs stabilizing arrangements such as a lender of last resort and counter-cyclical fiscal policy.
In other words,
capitalism
is not self-creating, self-sustaining, self-regulating, or self-stabilizing.
The history of
capitalism
has been a process of learning and re-learning these lessons.
Through the early part of the twentieth century,
capitalism
was governed by a narrow vision of the public institutions needed to uphold it.
This left them free to build their own versions of national capitalism, as long as they obeyed a few simple international rules.
When Chinese-style
capitalism
met American-style capitalism, with few safety valves in place, it gave rise to an explosive mix.
The lesson is not that
capitalism
is dead.
Just as Smith’s minimal
capitalism
was transformed into Keynes’ mixed economy, we need to contemplate a transition from the national version of the mixed economy to its global counterpart.
Designing the next
capitalism
will not be easy.
Alone among the major advanced economies, Germany practices “stakeholder capitalism.”
Good Capitalism, Bad CapitalismMany people assumed that when the Berlin Wall fell in 1989, “capitalism” had won the ideological cold war and that “communism” had lost.
Oligarchic
capitalism
exists where power and money are highly concentrated among a few.
It is the worst form of capitalism, not only because of the extreme inequality in income and wealth that such economies tolerate, but also because the elites do not promote growth as the central goal of economic policy.
Back
Next
Related words
State
Economic
Which
Global
Democracy
Market
Financial
World
System
Model
Economy
Their
Political
Would
Crony
Crisis
About
Growth
Other
Countries