Capitalism
in sentence
1376 examples of Capitalism in a sentence
In fact, the persistence of many of the world’s social problems reflects our collective misinterpretation of the idea of
capitalism.
Asian Footsteps in AfricaCAMBRIDGE – Don’t look now, but
capitalism
– maligned in these bailout-ridden recessionary days – is reshaping Africa inexorably.
After the disappearance of the Soviet Union and the bipolar world order, victorious Western capitalism, under the leadership of the only world power, the United States, reigned supreme in global politics, and even more so in the global economy.
The crisis that began in 2007 originated in the sub-prime mortgage sector in the United States, and in US banks that were “too big to fail,” prompting many observers at the outset to predict the end of American financial
capitalism.
Fueled by the injection of taxpayers’ money, American
capitalism
is back in force.
Rescuing Europe’s Illiberal DemocraciesBRUSSELS – After 1989, the West, buoyed by political theorist Francis Fukuyama’s seductive notion of the “end of History,” entered an era of self-satisfied complacency in which it seemed that liberal democracy and
capitalism
could be taken for granted.
The Limits of
Capitalism
with Communist CharacteristicsNEW DELHI – As US President Barack Obama prepares to embark on an historic visit to Cuba, the future of the communist-ruled island is the subject of widespread speculation.
The belief that
capitalism
automatically brings democracy implies an ideological connection between the two.
Its representatives are committed, above all, to holding on to political power – an effort that the economic prosperity brought by
capitalism
supports, by helping to stave off popular demands for change.
Beyond providing sufficient material gains to keep the population satisfied,
capitalism
strengthens a communist-ruled state’s capacity to increase internal repression and control information.
But
capitalism
and communism clearly are not – and that could be very dangerous.
In fact, the marriage of
capitalism
and communism, spearheaded by China, has spawned a new political model that represents the first direct challenge to liberal democracy since Fascism: authoritarian
capitalism.
With its spectacular rise to become a leading global power in little more than a single generation, China has convinced autocratic regimes everywhere that authoritarian
capitalism
– or, as Chinese leaders call it, “socialism with Chinese characteristics” – is the fastest and smoothest route to prosperity and stability, far superior to messy electoral politics.
That single move would go a long way toward reducing, if not eliminating, crony
capitalism
and strengthening market competition in the financial sector.
NEW YORK – As 2008 came to a close, many Europeans began to speak about the end of
capitalism.
They forget that
capitalism
in Europe had already once given way – often violently – to statism and corporatism in the 1930’s, to be revived in only a handful of countries in the 1980’s.
In view of the current financial crisis – the latest in a series that
capitalism
has seen – it is fair to ask whether the benefits of capitalism, if any, still exceed the costs.
Although Marx confessed considerable admiration for capitalism, it is now suggested that the good in it – entrepreneurship – can be genetically engineered in another sort of system without the destructiveness to which
capitalism
is predisposed.
Capitalism
was first admired for being “progressive,” as Marx put it.
In fact, with the emergence, piece by piece, of finance capitalism, circa 1820, productivity took off in one European country after another – Great Britain, Belgium, France, Germany, and Austria.
First of all, Europeans think of
capitalism
as the “free market” – laissez-faire.
But
capitalism
means openness to bottom-up innovation.
Capitalism
does not per se threaten anyone’s welfare benefits.
The idea that a well-functioning
capitalism
makes for a weak job market, leading to higher unemployment and lower participation in the labor force, cannot be substantiated.
On the contrary, the innovations stimulated and facilitated by
capitalism
create jobs – in new companies started to develop new ideas, in marketing, and in managements that must keep abreast of new organizations and tools.
True,
capitalism
creates disruption and uncertainty.
Capitalism
is unique in stimulating entrepreneurs to dream up new commercial ideas and develop them for the market, and generating excitement for consumers in discovering the new.
Perhaps the greatest accomplishment of
capitalism
was in transforming the workplace from one of routine, and thus boredom, into one of change, mental stimulus, challenge, problem solving, exploration, and sometimes discovery.
True, the assembly line, a brain-numbing experience, was a feature of
capitalism
from the pin factor that Adam Smith wrote about in 1776 until Henry Ford’s giant plants in the 1920’s.
So, while 2008 was a year of challenge for the world economy, I am sure that those countries that value innovation are well advised to keep
capitalism.
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