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The term plutocracy is generally used as a pejorative to describe or warn against an undesirable condition. [3] [4] Throughout history, political thinkers and philosophers have condemned plutocrats for ignoring their social responsibilities, using their power to serve their own purposes and thereby increasing poverty and nurturing class conflict and corrupting societies with greed and hedonism.
The Pyramid of Capitalist System is a common name of a 1911 American cartoon caricature critical of capitalism, copied from a Russian flyer of c. 1901. [1] [2] The graphic focus is on stratification by social class and economic inequality. [3] [4] The work has been described as "famous", [5] "well-known and widely reproduced". [3]
The ever-growing pie of capitalism gave birth to the modern industrial global economy since its rise from a local European phenomenon in the 16th century, according to Vanderbilt University.
Crony capitalism, sometimes also called simply cronyism, is a pejorative term used in political discourse to describe a situation in which businesses profit from a close relationship with state power, either through an anti-competitive regulatory environment, direct government largesse, and/or corruption. [1]
I also thought it was fascinating that a self-described Marxist was negotiating a sovereign bailout in the aftermath of 2008, one of modern capitalism’s great crises.
A political spectrum is a system to characterize and classify different political positions in relation to one another. These positions sit upon one or more geometric axes that represent independent political dimensions. [1]
On its release day, February 21, It's OK to be Angry About Capitalism topped Amazon's best-seller list in the U.S. national government, political economy, and economic conditions categories. [5] According to The Sydney Morning Herald, the book is a "damning indictment of the past 40 years of largely unfettered, neoliberal capitalism". [24]
Karl Marx's three volume Capital: A Critique of Political Economy is widely regarded as one of the greatest written critiques of capitalism. [citation needed]Criticism of capitalism typically ranges from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety. [1]