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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.
However, the first person to use the term anarcho-capitalism was Murray Rothbard, [89] who synthesized in the mid-20th century elements from the Austrian School, classical liberalism and 19th-century American individualist anarchists Benjamin Tucker and Lysander Spooner while rejecting their labor theory of value and the norms they derived from ...
A politically unstable and kleptocratic government that economically depends upon the exports of a limited resource (fruits, minerals), and usually features a society composed of stratified social classes, such as a great, impoverished ergatocracy and a ruling plutocracy, composed of the aristocracy of business, politics, and the military. [32]
Gold – capitalism, classical liberalism, right-libertarianism Green – agrarianism, anarcho-egoism, anarcho-primitivism, capitalism, environmentalism, Islamism, green anarchism, green politics, black nationalism, Irish republicanism Gray – independent politicians Lavender – LGBT movements, transgender rights movement Magenta – centrism
One notable example is the Nolan Chart, devised by American libertarian David Nolan. Additionally, comparable charts were presented in Albert Meltzer and Stuart Christie 's "The Floodgates of Anarchy" in 1970, [ 15 ] and in the Rampart Journal of Individualist Thought by Maurice C. Bryson and William R. McDill in 1968.
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.
Kleptocracy is different from plutocracy (rule by the richest) and oligarchy (rule by a small elite). In a kleptocracy, corrupt politicians enrich themselves secretly outside the rule of law , through kickbacks , bribes , and special favors from lobbyists and corporations, or they simply direct state funds to themselves and their associates .
Schumpeter answers "no" in the prologue to this section. But he says, “If a doctor predicts that his patient will die presently,” he wrote, “this does not mean that he desires it.” The section consists of 100 pages with the following ten topics: The Rate of Increase of Total Output; Plausible Capitalism; The Process of Creative Destruction