Capitalism
in sentence
1376 examples of Capitalism in a sentence
A critique of crony
capitalism
is as central to the Tea Party as it is to Occupy Wall Street.
But if crony
capitalism
is, intellectually at least, the easy part of the problem, things get trickier when you look at the economic drivers of surging income inequality.
And that's because, in contrast with crony capitalism, so much of what globalization and the technology revolution have done is highly positive.
RB:
Capitalism
has been proven to be a system that works.
But the problem with
capitalism
is extreme wealth ends up in the hands of a few people, and therefore extreme responsibility, I think, goes with that wealth.
Shared value is capitalism, but it's a higher kind of
capitalism.
It's
capitalism
as it was ultimately meant to be, meeting important needs, not incrementally competing for trivial differences in product attributes and market share.
Over the past hundred years, the combination of liberal democracy and private
capitalism
has helped to catapult the United States and Western countries to new levels of economic development.
It's no surprise, then, that even at the depths of the private
capitalism
crisis, President Obama said, "The question before us is not whether the market is a force for good or ill.
Thus, there's understandably a deep-seated presumption among Westerners that the whole world will decide to adopt private
capitalism
as the model of economic growth, liberal democracy, and will continue to prioritize political rights over economic rights.
Now, I know many people in this room and around the world will think, "Well actually, this is hard to grasp," because private
capitalism
and liberal democracy are held sacrosanct.
And rather than have private capitalism, they have state
capitalism.
They have vastly different political systems and different economic systems, one with private capitalism, another one broadly with state
capitalism.
Well, the world could look like more state involvement and state capitalism; greater protectionisms of nation-states; but also, as I just pointed out a moment ago, ever-declining political rights and individual rights.
If the West chooses to compete with the Chinese model, and in effect go around the world and continue to try and push an agenda of private
capitalism
and liberal democracy, this is basically going against headwinds, but it also would be a natural stance for the West to take because in many ways it is the antithesis of the Chinese model of de-prioritizing democracy, and state
capitalism.
But also, it's going to require that we look at our assumptions, assumptions and strictures that we've grown up with around democracy, around private capitalism, around what creates economic growth and reduces poverty and creates freedoms.
What we all know in dynamic
capitalism
is that what we actually need are public-private partnerships.
I'm not advocating capitalism, I'm just pointing out their relationship.
The entire model of
capitalism
and the economic model that you and I did business in, and, in fact, continue to do business in, was built around what probably Milton Friedman put more succinctly.
Now,
capitalism
has done a lot of good things and I've talked about a lot of good things that have happened, but equally, it has not been able to meet up with some of the challenges that we've seen in society.
The basis of
capitalism
in America is slavery.
Slaves were the capital in
capitalism.
And if you don't think that capitalism, which is self-organizing, can have destructive effects, you haven't opened your eyes enough.
They have produced crony capitalism, American-style, in which the largest financial institutions are the leading financial donors of both parties, and that's the reason why even after this crisis, 70 times larger than the savings and loan crisis, we have no meaningful reforms in any of the three areas that I've talked about, other than banning liar's loans, which is good, but that's just one form of ammunition for this fraud weapon.
In today's times of post-industrial capitalism, choice, together with individual freedom and the idea of self-making, has been elevated to an ideal.
Now for me, a question often is why we still embrace this idea of a self-made man on which
capitalism
relied from its beginning?
I have a broad perspective on
capitalism
and business, and I have been rewarded obscenely for that with a life that most of you all can't even imagine: multiple homes, a yacht, my own plane, etc., etc., etc.
This 21st-century perspective allows you to clearly see that
capitalism
does not work by [efficiently] allocating existing resources.
The genius of
capitalism
is that it is an evolutionary solution-finding system.
Because the fundamental law of
capitalism
is, when workers have more money, businesses have more customers and need more workers.
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