Capitalism
in sentence
1376 examples of Capitalism in a sentence
But
capitalism
is also cruel.
The people of Eastern Europe were eager to embrace this kind of
capitalism.
But any change in the terms and dates of the election will inevitably lead to the formation of a more severe, more closed political regime, one orientated towards the creation of the "state
capitalism"
economic model, with near total state control in the financial sphere and an economy dominated by vertically organized large state-owned or state-controlled corporations.
The fear of many Western observers that the rise of China would nurture a global shift towards authoritarian
capitalism
has clearly been exaggerated.
He believed in
capitalism
– or at least in supporting big companies and the rich – though whether he understood how free markets should work under the rule of law is more doubtful.
Socialism, too, was a brave and necessary corrective to the social inequalities that emerged from laissez-faire
capitalism.
Dire predictions that the rise of the SWF’s means that the global financial system is becoming a form of state
capitalism
may be exaggerated.
Moreover, the rising power, China, which is not a liberal democracy, is pursuing a model of state capitalism, and is free-riding on the current global system – on trade, exchange rates, climate change – rather than sharing in the provision of global public goods.
Taming “Speculative Capitalism”Nicolas Sarkozy, the leading contender in the French presidential election, recently lashed out against what he called “speculative capitalism,” and says he wants to “moralize the financial zone” created by the euro.
What does Sarkozy mean by “speculative capitalism?”Something immoral, apparently, but what?
After all,
capitalism
is practically a synonym for speculation, isn’t it?
So we should think hard about what “speculative capitalism” means.
Protecting France from speculative
capitalism
seems to mean interfering with free trade to protect local jobs.
Rewarding successful ventures is the basic idea of
capitalism
– a dynamic process that Joseph Schumpeter called “creative destruction.”
Under capitalism, one is immoral if one reneges on a contract or breaks the law, but not if one speculates.
So Sarkozy shouldn’t be lashing out against “speculative capitalism.”
On the contrary, he should be asking how
capitalism
can be developed even further, with new institutions in finance and insurance to deal with the very important problem that his campaign has highlighted.
Substantial corrections will be required to the entire political agenda, which, multiplied by the astonishing ideology of building national
capitalism
in one country, is currently too reminiscent of the policies that led to the Soviet Union’s disintegration.
These questions are not so much about the end of
capitalism
– as some perceive or even desire – but rather about the different ways in which
capitalism
is understood in different countries.
Policy “Crimes”STANFORD – When the Berlin Wall fell a quarter-century ago this November, pundits led by Francis Fukuyama proclaimed the end of history – the triumph of democratic
capitalism
over all rival systems.
Indeed, at a meeting in Warsaw in the winter of 1990, General Wojciech Jaruzelski, Poland’s President and communist party boss, declared to me and my cabinet colleagues that “The forces of history have inevitably led us to capitalism.”
A couple of decades later, various forms of
capitalism
have worked wonders for some former communist and socialist countries.
But
capitalism
is far from flourishing everywhere.
Moreover, in many countries,
capitalism
arrived without democracy.
Brazil’s government has been unwilling or unable to cut back its bloated public sector, has been mired in vast corruption scandals, and yet its president Dilma Rousseff continues to evince a fondness for just the sort of state-led
capitalism
that leads to exactly these problems.
He embodied the so-called “Chongqing model” of state
capitalism
that has been ascendant in China in recent years – government-directed urbanization and economic development that concentrates power in the hands of regional leaders and state-owned enterprises.
Is
Capitalism
Doomed?
So Karl Marx, it seems, was partly right in arguing that globalization, financial intermediation run amok, and redistribution of income and wealth from labor to capital could lead
capitalism
to self-destruct (though his view that socialism would be better has proven wrong).
They speak with admiration about the economy’s transition from Maoism to “red capitalism,” its resilience in the face of the 2008 global financial crisis, and its emergence as perhaps the main winner of globalization.
Indeed, times have changed dramatically since the cutthroat Russian
capitalism
of the 1990's--supposedly a world in which entrepreneurs were indifferent, at best, to each other's problems.
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